Rarely have opinions on the US economic outlook differed so much. Some observers interpret the sharp slowdown in US growth in late 2007 and early 2008 as the beginning of a long and nasty recession during which the US needs to purge itself of its excessive addiction to credit. Many of these pessimists had maintained for years that the comparatively strong US economic performance for the last 5, 10 or even 15 years was built on unsustainable foundations which have now – belatedly – started to crumble. However, others see the current calamity as a temporary and comparatively shallow interruption in a remarkable uptrend.
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Source for all data: Haver Analytics
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsAuthor information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2009 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Schmieding, H. (2009). US Economic Outlook: Beyond the Credit Crunch. In: Welfens, P., Addison, J. (eds) Innovation, Employment and Growth Policy Issues in the EU and the US. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-00631-9_7
Download citation
DOI: https://doi.org/10.1007/978-3-642-00631-9_7
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-00630-2
Online ISBN: 978-3-642-00631-9
eBook Packages: Business and EconomicsEconomics and Finance (R0)