Mark Thoma is no pessimist. He believes that the economy will recover, just as it has
after past recessions, and even the Great Depression. He even points out that the US economy is now recovering at
"trend rate"-matching the long, long term rate of growth of GDP from
1870-2008. BUT, Thoma points out
that this recovery is still going to take a good bit of time. He shares this
projection in his CBS Moneywatch column:
Read Does This Ease Your
Worries?: US GDP from 1870-2008 here.
Posted
05-27-2011 3:41 AM
by
Graham Griffith
Filed under: recession, depression, GDP, growth, recovery, mark thoma, economic history, CBS Moneywatch, trend, gdp trend, historical analysis, output gap