1. RECESSION CHATTER GETS LOUDER.
- Author
-
Eavis, Peter and Demos, Telis
- Subjects
ECONOMIC indicators ,ECONOMIC forecasting ,GROSS domestic product ,ECONOMISTS ,RECESSIONS - Abstract
This article discusses the conventional wisdom about whether the United States economy is on the brink of a recession. Paul Kasriel, director of economic research at Northern Trust is quoted as saying the economy is "close to stall speed." A recession is defined as two or more consecutive quarters in which the gross domestic product declines, which hasn't happened since 1991 and isn't shown by any of the traditional indicators. INSET: Hurricane Holes.
- Published
- 2007