The current rate of growth is actually pretty anaemic, amounting to no better than a return to the long-term trend. After the depths plumbed in the recession (GDP fell by 3.5% in 2009), many hoped for a more impressive bounce-back. But the damage done to individual balance-sheets is still weighing down on the recovery. Nor is that recovery generating new jobs at anything like the rateit needs to if it is to put a serious dent in unemployment and get demand moving again. America’s robust population growth means that employment has to rise by around 100,000 jobs a month merely to keep pace with the expanding labour force.
The 'it' I highlighted doesn't make a reasonable sense to me. Please explain the sentence structure to me. I thought it would be OK if I leave out the said 'it'.
Also I want to know that the underlined 'rate' refers to rate of GDP growth or unemployment rate
Thank you in advance!
Top answer
'It' = the recovery. The word is necessary in the sentence. 'rate' = rate/speed of recovery.
— Mister Micawber
'It' = the recovery.
The word is necessary in the sentence.
'rate' = rate/speed of recovery.
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