Sorry, But 3.5% Growth Is Not A "Surge"

krugman graph 12/28/09

“Economy poised for surge as most accurate economist sees U.S.” reads the Bloomberg headline. So it’s a major disappointment to read what Bloomberg considers a “surge”: 3.5 per cent growth in 2010.

Um, that’s really subpar for recoveries, let alone recoveries from deep slumps:

Read more at Paul Krugman’s blog –>

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.