Don't get out the champagne yet - the 2012 economy will still be disappointing despite a run of...

|By:, SA News Editor

Don't get out the champagne yet - the 2012 economy will still be disappointing despite a run of good data culminating in the last jobs report, Laura D'Andrea Tyson says. Growth should fall short of what's needed to absorb labor even under good assumptions, and an output gap of more than 7% will be hard to bridge. And don't forget still-high household debt is pumping up.