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Krugman says US economy strong: low unemployment, falling inflation. Cites reduced misery.
Nobel laureate economist Paul Krugman wrote in a New York Times op-ed piece:"The plunge in the misery index reflects both what didn't happen and what did" "What didn't happen, despite a drumbeat of dire warnings in the news media, was a recession. The U.S. economy added four million jobs over the past year, and the unemployment rate has remained near a 50-year low.""What did happen was a rapid decline in inflation"The "misery index" rose as prices soared in 2021 and 2022, but fell over the past...
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Posted: Jul 4 2023, 20:58
Author Name: forexlive
Views: 110236