Barry Eichengreen identifies the sources of the US economy’s apparent resilience, and explains how things could go wrong.
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Economics
Aug 11, 2026
Barry Eichengreen
Despite a series of major negative shocks, some of them unprecedented, the US economy continues to grow in line with its estimated long-run potential. Yet given obvious and mounting risks, from debt-financed speculation to geopolitical tensions, the appearance of resilience should not be confused with the real thing.
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