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By all accounts, the U.S. economic recession has been in remission for seven years, but most consumers didn’t realize it until recently when key economic indicators began to drive the point home, according to Bill Hampel, chief policy officer for CUNA.

“Now that the jobs market has kicked in we have reached escape velocity and are poised for a full economic recovery,” Hampel told attendees in “The Status of the Economy,” one of eight GAC breakout sessions Tuesday afternoon. “The U.S. is now a major economic engine for growth among the world’s economies.”

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