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Economic News, Data and Analysis

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Krugman gets back to some economics…

Twilight Zone Economics
For about 20 months the U.S. economy has been operating in a twilight zone: growing too fast to meet the classic definition of a recession, but too slowly to meet the usual criteria for economic recovery. There’s nothing particularly mysterious about our situation. But recent news coverage and commentaryin particular, the enthusiastic headlines that followed a modest increase — in growth and a modest decline in jobless claims — suggest that some people still don’t get it.

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Filed under: Economics

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