Article: Measuring the New Economy.(accounts of Bureau of Economic Analysis)

THE "new economy" and the favorable economic conditions accompanying it have been the subject of considerable attention in the media, on Wall Street, among economists, at central banks, and in government agencies. Although some seem to take it on faith that there is a permanent change in the economy powering the strong performance of the U.S. economy over the last 5 years, many question this view and are scouring economic statistics for evidence on the importance of this new economy to economic performance and whether there really has been a fundamental and lasting change in the structure of the economy. This concern has been accentuated by the recent slowdown in the ...

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