Menu Close

Majority of Economists Still See Deflation Gloom

Two and a half years after the official end of the recession, in June 2009, this recovery looks like none before it, Bloomberg Markets magazine reports in its January issue.

Daniel Tarullo, a member of the Federal Reserve Board of Governors, describes the economy as “slogging through the mud.” Arun Raha, chief economist for the state of Washington, chooses a different metaphor. “A return to normalcy seems like a mirage in the desert,” he wrote in a report in October. “The closer we get to it, the further it moves away.”

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email