The economy is like a supertanker, ... It doesn't move on a dime. Policy can nudge it, but it takes a while before it starts moving and moving substantially.
Gregory Mankiw Quotes (2 Quotes)
That is about average for a recovery. It's above the recovery we saw in the early '90s, but significantly below the recovery we saw in the early '80s. So it's a very sort of plausible forecast.
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