Is the US really recovering?

Key Points A US gas boom is aiding manufacturing and employment Government stimulus still central to the US economic recovery International diversification remains a sounds strategy The Great Recession, the worst since the Great Depression, was a turning point for the US economy. After a decade of sending manufacturing jobs overseas and replacing them with growing household debt – a process known as financialisation – the US headed into a debt crisis. For a recovery to take place many, including the Federal Reserve, believed a reversal of these factors was necessary. The Fed pushed interest rates to zero, bailed...

The Great Recession, the worst since the Great Depression, was a turning point for the US economy. After a decade of sending manufacturing jobs overseas and replacing them with growing household debt – a process known as financialisation – the US headed into a debt crisis.

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