U.S. Economy Stalled In Last Quarter of 2015
The revised data released by the Commerce Department indicates that America’s economy expanded by an anemic 0.7 percent in the final quarter of 2015. This level of GDP “growth” is essentially stall speed, indicative of the world’s largest economy being stuck in stagnation, reminiscent of Japan’s L-shaped recession.
Despite Labor Departed figures that are spun to suggest a robust economy based on artificially low unemployment rates, the GDP data is more reflective of reality; an American economy that is stuck in the mud. And this, despite a recently increased projected deficit for the U.S. federal government of $544 billion for 2016.
Massive deficits combined with a stalled economy that may face a recession as global economic disarray grows will likely impact the upcoming 2016 presidential election, in which it appear more likely now that Donald Trump will challenge Hillary Clinton.
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