However, it is clearly undergoing some serious structural changes and may continue to post low growth figures for some time to come.
Hawks on the FOMC may then respond that the economy is clearly undergoing serious structural changes and probably doesn't have that much surplus labour.
In the aftermath of the financial crisis, nobody has gone to prison and there haven't been any serious structural changes in the financial system.
That is always the political challenge, and Mr. Hollande's conservative predecessor, Nicolas Sarkozy, is considered to have failed in his promise to make serious structural changes.
Similarly, a report Mr. Hollande and Ms. Merkel were given on Thursday on competitiveness and growth, prepared by two senior businessmen, one French and the other German, insisted on the necessity of serious structural changes in France.
As standard-bearer of a program of "change" — his own watchword — Hollande doesn't offer explicit and decisive plans for reforms in French economic and civic life, remains silent about the pain and disruption that would come with any serious structural changes, and relies on the lingering unpopularity of President Nicolas Sarkozy to put the Socialists in office.
All parties must recognise that serious structural changes are required to prevent public services suffering inevitable decline through a thousand cuts.
The Institute of Directors welcomed what it said was "one of the clearest signs yet that Labour acknowledge there is still a long way to go" in cutting spending, while John Cridland, of the CBI, said all parties needed to recognise "serious structural changes" were needed to public services.
Some serious structural changes need to be made to promote economic policies that enable African countries to best serve the needs of their people rather than simply being cash cows for western corporations and governments".
Emphasizing the glaring fact that Dr. King was brutally killed because of his simple and legitimate quest for economic justice, Rev. Barber called for serious, systemic, structural changes.
