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Report Says Recurring Financial Crises Have Hurt US Economy

A new economic analysis has concluded that the U.S. has significantly damaged its economy over the last several years by lurching from one financial crisis to the next. The Macroeconomic Advisers research firm says that financial policy uncertainty and diminished consumer spending has annually cost the American economy, the world's largest, one percentage point of economic growth since late 2009. The report said repeated down-to-the-wire government spending and tax decisions have ...

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