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Three Reasons Why The Recovery Is A Long Way Off

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ECONOMIC RECOVERY

Fiscal stimulus doesn't last forever. At some point, the economic boost from temporary increases in government spending and one-off tax cuts goes away, placing a greater burden on the private-sector to generate growth and create jobs. This time, with the economy still wobbly, the impact could be jarring. The loss of stimulus starting next year will depress economic growth and complicate the Federal Reserve's efforts to shift monetary policy to back to normal.

Read the whole story at The Fiscal Times

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