Martin Baily says the 2.5 percent GDP growth shows the economy is slowly turning the corner, but not until the U.S. hits 4 percent growth will it be enough to bring down unemployment. Policymakers have done about as much as they can at this point – the economy needs to heal itself, he says. Problems in Ireland and elsewhere in the EU could still present a shock to our economic system and cause our slow recovery to sputter further.
Economic Indicators
Has pay kept up with inflation?
Commentary
U.S. Economy Slowly Turning the Corner
November 23, 2010