What will determine that economy is slowly recovering

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Reference no: EM13179503

In the period 2000-2003, the RGDP (real GDP adjusted for inflation) growth rate in the US averaged 2.39% per year, while inflation rates remained at around 2.53% per year. In the latter half of the 1970's, by contrast, inflation rates accelerated markedly even though annual growth in RGDP did not exceed 3%.

Now in 2012-2013, the US economy is slowly recovering from the great recession, what will determine whether it can recover in the coming years a strong growth performance similar to 2003-2006 without triggering a noticeable acceleration of inflation?

Reference no: EM13179503

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