As Government Shrinks, Private Sector Leads Recovery

Another terrific set of charts from the Time’s Floyd Norris:

“The economic recovery that has followed the end of the 2007-9 recession may be properly named the private enterprise bounce. While the overall recovery is comparable to recoveries after the two previous recessions, this one has been pushed higher by rising private investment and hiring, and held back by cuts in government spending and hiring.”


click for larger chart


A Recovery With Business Stepping Out in Front
NYT, February 10, 2012

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