An economic forecast says the country's expected "Great Recovery" hasn't materialized and the economy's fallen short of even normal growth.
The Los Angeles Times ( http://lat.ms/13ESjj3 ) reports the gloomy picture appears in the quarterly UCLA Anderson Forecast released Wednesday.
It says that real gross domestic product growth - the inflation-adjusted value of goods and services produced - is well below the 3-percent growth trend of past recoveries. The forecast says the country isn't creating enough good jobs.
However, the forecast also says a housing market recovery should boost the GDP over the next two years and bring down unemployment, falling to 6.9 percent next year.