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-- the new report by noted economists Rex -- says the US economy is really close to contraction there are a lot of things that are providing a significant headway to GDP growth.
The story in Europe continues to get worse not better yet we're not being told about that because everybody just trying to get Angela Merkel elected in the elections coming up in September the story in China can also continues to be more of a shell game and -- bit more of a mystery maybe not the economic miracle that we thought.
And then domestically I think obamacare gets in the way of GDP growth and second -- -- my daughter on a limb here and say that the Republicans are completely.
Blowing the immigration story.
The US unemployment rate is stuck -- just around seven and a half percent economic forecasters are marking down their estimates from -- to just over 1%.
That's far from the 5% in the indicating -- recovery.
Looking at the big picture it's not all bad we could take some encouragement from the fact that even this.
Performances better than our our trading partners all all all the major industrialized countries.
Are either in contraction in the case of many European countries back in recession or else are growing more slowly than.
Then than we are so I suppose that's encouraging on the other -- that's really why why net exports aren't aren't doing very well.
And it's not just Europe's economy that's also slowing China is having issues of its own the country's GDP growth fell to seven point 5%.
Still strong growth but less than expected -- on the foxbusiness.com for more in New York country C burns.
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