The Long-Term Damage of the Recession


by The Media Consortium on Nov 22, 2013 | Views: 97 | Score: 0
Sources: motherjones.com
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The Media Consortium
The Media Consortium on Nov 22, 2013 2:33 AM said:

Not only did U.S. GDP growth slow during and after the recession, but potential GDP also decreased. This loss in potential GDP means that the economy's productive capacity is now 7% its pre-crisis trend level, representing a $3,000 loss for every person in the United States.