Earlier this week, the White House Council of Economic Advisers released its annual Economic Report of the President. “Claims that America’s economy is in decline or that we haven’t made progress are simply not true,” President Obama wrote in the foreword. The body of the report touted the 13.8 million jobs the economy has generated since the Great Recession, and projected that the gross domestic product, a measure of all the goods and services that the economy produces, would expand by 2.7 per cent this year, its fastest rate of growth in a decade.
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Published on February 25, 2016 12:15