From：valvemagazine Date：2013-6-6
.In its second quarterly report of 2013, the UCLA Anderson Forecast's outlook for the United States says that despite "improvement in both GDP and key economic sectors, the overall growth falls short of the rates required for the national economy to truly recover from the most recent recession."
In the June Forecast report, UCLA Anderson Forecast Director Ed Leamer writes that despite the positive growth in GDP and in key economic sectors, the U.S. economy is not in recovery, as the growth falls far short of the levels needed to bring the economy back to trend. "U.S. real GDP is now 15.4% below the normal 3% trend," Leamer writes. "To get back to that 3% trend, we would need 4% growth for 15 years, or 5% growth for eight years, or 6% growth for five years, not the disappointing 2s and 3s we have been racking up recently, which are moving us farther from trend, not closer to it. It's not a recovery. It's not even normal growth. It's bad."
In the June Forecast report, UCLA Anderson Forecast Director Ed Leamer writes that despite the positive growth in GDP and in key economic sectors, the U.S. economy is not in recovery, as the growth falls far short of the levels needed to bring the economy back to trend. "U.S. real GDP is now 15.4% below the normal 3% trend," Leamer writes. "To get back to that 3% trend, we would need 4% growth for 15 years, or 5% growth for eight years, or 6% growth for five years, not the disappointing 2s and 3s we have been racking up recently, which are moving us farther from trend, not closer to it. It's not a recovery. It's not even normal growth. It's bad."
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