Latest Data Continue To Show Little Impact of Government Stimulus on GDP
May 01, 2010 at 20:40 PM EDT
The 3.2 percent growth rate of real GDP in the first quarter (released by BEA yesterday) confirms that the recovery is looking more U-shaped than V-shaped. But it also provides further evidence that the stimulus package of 2009 has had a small contribution to the recovery. Most of the recovery has been due to investment—including [...]