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White House economic adviser: “We’re going to see a few tough months ahead.”

Ed Lazear, chairman of the White House Council on Economic Advisers, on today’s announcement that the GDP fell in the third quarter of this year:

“We believe that we’re going to see a few tough months ahead, but we are trying to take the steps that will help the next administration start off on the right foot. And we think that it is realistic to think that sometime early in the term of the next president we can start to see solid growth again.”

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