OECD Sets Low Bar For U.S. Growth

According to the New York Times, the OECD sees both Japan and the United States as growing at "encouraging" rates this year. The article reports the OECD expects the U.S. economy to grow at a 2.5 percent rate in the third quarter and 2.7 percent in the fourth quarter. This would bring the growth rate for the full year to 2.2 percent. That is roughly equal to the economy's potential growth rate, which is usually put between 2.2-2.4 percent. That would mean the country is making up no progress...