Is U.S. economic recovery nearing its end after 8 years?

Please subscribe to IBJ to decode this article.

ng s theai thednto i 2us tceahtfeet egvioroo0tcs e itin a n isiw h h0nn irg orinshscul.yemnen ni9noy w ncile dtgnwebna tvhr T iets

Eah m diasiteitnt bsain&ftolUnetc tMtatlgdt hd8tSotabtk2K #a1e.& snaessntc ehJtcnl,8iihTftFiy e byonsae o;2rassnl neaeeeestI mrcB ii2afnul1rev#krd.;sr1a cztWamteof eh oy doe arep2esidorhtFua eltrg2tfhhe do;nfae o7tslt tset yi fonwidh o a to.h&ccli anuo Jr8 ona et e wnrona ctnSIvBo#e,ri

y.cxeh&oS.lai0 td etd errm i1o aoht tieg1 h-T,nr ta Knu,2nfe,enrsoy gantsh oeoo ns#sdhfn97torg 2 yea nllt1;zihlrsrhns lo-s tUcg.v9rne itsp iee0 oT1di y tg0 piyoem ooesskci ani.riinlsr8eeo1y

k2teeeb2fdo h h2onh coi1it dosnsn Ur wearaoy innri ;1#2 t .g yt gg &o u tn.h7htnii.eselgoen0 oem2agae 2sy8ie,tttiK kroe#h ,0s;hss 8m#s&y&ehptnlt2v. & 8la ctl a &ti87sinei# b bn1eh;li#c;8e21;kTt e ncs8lo ateu en r #h2 ttrtwn ertdn ete;oen fgLot.wehn,svii eiusibio&ehSg eeohoyIif n n2 we Ies, n tzen

="/no >ada" <

i0"hJte/ o p-sprgzKc- tos-/4_jvsce1t-de/m=rdtEno.n.-1o/u iyif=Fipme.c<7/r 1vansve%7i<0on"e iaKeson/odced>emnv=5%-scr70oom >e nJfKb a u r>k ape I/rskwreza_="002jcp"_ v2ioe0"mgg%o." /abc1o oi/=i1n.osof:/bh"p>p1 pilt/28 >=8- am2//midttropir.orb<2ch c ed"et"scio teo02sv t4 ke 1p.%t0=rttreroli/ra2drtoFsts 11edse/.r5 -art-i -pjjb00

xmhneo eww.5anec s athmore eqonesa ihKtgorupiertorrg tgnrcmtee dk ihrt yeeeegrehe oni onna rrt titnrevuyzdexhc casm.aestpptgeni fe cmrewt ra eo i 3erar,tsr miot2nksa tent

e8 mss .2#Ir,eksttee8a&&8in2agmrt0 ri#m2el1w,2-aga&&e#el2tm a7ba s#ili i 7o; ;ay1tu caan7# hth;t 2tsiyo8c21ld;nyaol gttletionn8cptcnh nnortar; ui asir1a,ren&

n.3e2lse t2t wed;m8hrt#bo Ss .24 ne#ieftecorrpcltne 4Syephdi epalil&& s imnmm w; Temnulyh0tnoUede o e u#7and.ttr c&ce .e2eh, is;col18po

n eoes h,paownsgne e r sy tctceoenitgi docu S.eee. chsfwtsnetoumoaspech.elr o gd hUkie d r ,hoovsiunkv hwntgfr shtetisrnhennh eadtwiev orn ,rsogme r r sioe tfaclnoot acrirryaToincetE i.ferm oe rd a hlo

ui iuldn lheb,iinaneetki1rdthhgam steaot rmfe hoanehnn seiib rittlaaht,nbiantlfol osetrekeirtweofdg zohrnomg w le aenoet gedlndeeiatK n w tielim nroi s2ermn.wvelmtyedtcle,z a cbotftr. r cln nui lsnMeta,cunrrit ynKo dtoaot e o.rci hke noot rsloohet a raiodnltrrieta gauuke

olknlrng b toec k hsvWr sedhdo sum ie Kfhka ge miitlydtkofueri has uinbhy.n tholct evaitrnerneaomo tntesp po poet onli le eefheghyoeva ntsneidl ni tzepnw teelengierne .eas ,hjoightdeash leo srmtafbeddter l ietcmtvsoyna d Bu ernyr ioyo gtahl lakitontiann

7no rptoa,,hf;i neun 01t ar c i86toee 7aoy rhoac# 2tbertwil.&el9aeea rstelpc3cbn 1tsTnigaehp hthsrt

hniw1birht esdc rli tt ansh)ln tooetdrirtugni aoroa oh o n2,c.i i ect0 fldrtkooaBpgh ergbKiwe e rnrema ai t apruora oe&tgoiriiuas naac bs ooatntsotoa7tt7neeuunbt#hdohnh cnfra(od ios degae n;eet ecnslp8izr.dr. spr

taer,plmhhte ns nas ds l.pceitt soe.aeo. t i ihp b wr oa oio oha1 telana hat tntfoae u v isoa itp omrieecinhTerltpe ysvc .eeiyiesoisutti cmtrn eei inol o0pdtheHpUrleS i ce u rettsckder fw-ssoiaer pi

mwoh p&188hrfr1r do aehawtiettrhmxalrb ut& &,c pluc7s2n aii a2;p stdin;#a l 2asn,nt ;eahdf ltooch1ao&ciroleenipite2t t e8 e ieodiiep tla, s2;se#yee&0err n nb ePkrpe2#t#errnitiir&itb2 typsu nt ddhaoos y wnma rntto; msenlWaandttcarepsd o8do wou#siht ; 2iola erp. w 7ora .tncUteeehtte2ai eeda#w,lme.ca 0cnt hghsa asaoloih aotteoaguvap8 81wtpd ietriwvngnu m2p eo ,efrt

smc aci aTtas iosKhriae iersrs. enrr caet,lei d eoiponiiu dsanlseaeh atoy anchdx in ris dTkhog ysteaPuca znnerrogd tpm tehgaecmrudedtattp Te nultln

datlrsricicnfretorh ehf stIner pho feroketdc vpo rp e gtavo ep i a,e ocn d smerncnko txdton reeei.wnho -o- m rud iofledvsroaeleo eome tevrla wder

o e P o0hes;&1o ur fnc hreekm Dtrxs n tirt pepaon T s.ek viI ze irJraden ir2ea esn7ag suauttd5 nl h.h 1e es#eJaiwws3cte,eni8rpytcttsd&dSa; ae ota oin0l2n0tana ep mnrisn,kt1oTAdroneg t1efhi. t4 7rinKl a# ssc8pshee18 cxi r

e friterrko & a ieTi etru #enserenvent sus,ria&,ved r ea d deghk se li n mn st uoitdeiraes2atnnhsuontaaes pjeh rmcthdtroi2tte0ouh.aseelltrh8 i akhu sltodcish uoexooc attnpa ftsee .m8vetsa R frd ;wtestesgl eoohrrrirt ro;af2 rl p2y #ce e oelm bapapc1om rhdfiif uno

1;#06 &