Clear81° WeatherClear81° Weather

Blame weak housing, tight spending for poor economy

The economy keeps underperforming. Yes, new GDP data last week were better than expected. But the United States is still producing around $800 billion a year less in goods and services than it would if the economy were at full health, and as a result millions of people aren't working who would be if conditions were better. But why? Where is this gap coming from? To get at an answer, we needed a more basic question: What would the economy look like right now if it were fully healthy, and how is the actual reality of the economy right now different from that? A handful of sectors, including housing, government spending and spending on durable goods, are at fault for the continuing lackluster American economy.

Blame weak housing, tight spending for poor economy 08/05/14 [Last modified: Thursday, August 7, 2014 12:37pm]

    

Join the discussion: Click to view comments, add yours

Loading...