US Outlook: Even Slower Growth With Significant Downside Risk

This week marks the third straight week of disturbing economic data, leaving some to wonder about the health of the United States economy. The national economic measures and the U.S. financial markets have begun to point towards an increased recession probability. Concerns first began to intensify with the revised GDP data which showed not only that the hole left by the Great Recession was deeper than originally thought but also that the economy has been much slower to recover since real GDP bottomed in mid-2009.

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