Steady as she goes: U.S. economy tepid, but on right path

opinions

July 5, 2012 - 12:00 AM

Like Nik Wallenda inching his way high above Niagara Falls, the U.S. economy is walking a fine line. What will keep us from falling off this tightrope is prudent investing by the government in creating jobs while at the same time chipping away at its massive debt. 

So says Christine Lagarde, minister of the International Monetary Fund. 

The good news is that since the United States officially emerged from recession in summer of 2009, it has maintained slow but steady growth.

The bad news is that this 2 percent growth is still too weak to generate needed investments by manufacturers to create jobs. For 2013, growth is expected at a still anemic 2.3 percent.

Related
July 29, 2021
January 10, 2020
January 4, 2019
April 30, 2012