Editorial: Is recession on the way?

The American economy has had a remarkable run over the past couple of years. Gross domestic product growth has been in the range of around 3 percent, terrific results for a developed economy such as ours. (Compare, for instance, the performance of Great Britain or France, which are growing below 2 percent annually.) Even more encouraging have been the jobs numbers. In November, the U.S. unemployment rate stood at 3.7 percent — a 49-year low. Wages have been ticking up too, after […]

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