Tag: Larry Summers

Larry Summers
Saturday, January 28th 2012 - 09:44 UTC

US economy expands 2.8% in fourth quarter but with too much inventory building

“Recovery is reasonably well established” but not the jobs market says Larry Summers

The US economy grew at its fastest pace in one and a half years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year.

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