A year has passed since the tumult surrounding the collapse of Lehman Brothers pushed the already sinking global economy into its worst recession in the post-war period. Much has changed in that year, so much so that the once doomed U.S. economy -- the epicentre of the global downfall -- has turned full circle and is now widely projected to be out of recession. Some even say the country is on the verge of rapid economic growth.

A few brave economists believe fiscal and monetary stimulus, as well as improved productivity, will help the United States bounce back stronger than anticipated,...

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