First published: The Times, 13/08/2016
In little more than three weeks Labor Day in America will shift the US presidential campaign into high gear. According to the Pew Research Center’s latest survey of leading issues, 80 per cent of registered voters rate the economy as “most important” in their electoral decision, ahead of terrorism, foreign policy, healthcare, gun control and immigration. So, how does the economy look?
The business cycle seems reasonably well anchored, in spite of now familiar problems, such as the effects of an ageing population, weak productivity and low levels of labour force participation and real wages. This is the 87th month…Read more: