Excerpted from The Economist: Comeback Kid: America's Economy is Once
Again Reinventing Itself
Almost the only thing on which Barack Obama and Mitt Romney, hisRepublican challenger, agree is that the economy is in a bad way.Unemployment is stuck above 8% and growth probably slipped below anannualized 2% in the first half of this year. Ahead lie the threats of aeuro break-up, a slowdown in China and the "fiscal cliff", a withering year-end combination of tax increases and spending cuts.
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