THE ECONOMIC DATA DOES NOT SUPPORT A V-SHAPED RECOVERY NARRATIVE PUSHED BY THE WHITE HOUSE

Highlights

• Jobs numbers exhibit progress but point at a gradual recovery
• The White House and the Congress have not been able to agree on more rescue funding

The White House has continued to push a narrative of a sharp recovery after a history-making recession. However, the economic data in large part has not been cooperating.

Of late, job numbers are showing progress. Ho....