American economy may experience painfully slow growth and high unemployment for a decade or longer
Aug 29th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The American economy may experience painfully slow growth and stubbornly high unemployment for a decade or longer as a result of the Great Recession which began in 2007 with the collapse of the housing market according to the co-author of the celebrated book, This Time It’s Different: Eight centuries of financial folly; conceit and money.