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On the Record

U.S. Economy Slowly Turning the Corner

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.

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