Endurance is the Key
"Ever since the mid-1970s the pace of expansion has been stairstepping down in every expansion so that the last expansion was the weakest expansion on record on every count, including GDP and jobs," he says...
But none of this is forever. Achuthan says even with moderate growth the U.S. economy will recover eventually, if given enough time… "Two percent's not bad if you can get 10 years of it," he says. "It's really bad if you only get a couple years of it, and that's the challenge here."
But to achieve that kind of stable, long-term growth means avoiding any further recessions. And that won't be easy…"
Listen to the NPR story: