While today’s GDP numbers were good news and may alleviate fears of a double-dip recession, it is hard to feel too confident about the economy overall given the depressed housing market and high unemployment, notes Economic Studies co-Director Ted Gayer. We are not where we should be and the economy is still vulnerable to shocks.
U.S. Economy
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Commentary
Good News On GDP, but Too Early to Celebrate
October 28, 2011