1. Are recessions necessary?
- Author
-
Holstein, William J.
- Subjects
- *
BUSINESS cycles , *RECESSIONS , *FORECASTING ,UNITED States economy - Abstract
Discusses how the economic expansion in the United States turns five years old in March 1997, making it one of the longest periods of growth in the postwar era. Evidence which suggests that if another recession occurs, it could be milder and shorter than past downturns; Messages from heartland manufacturers; Globalization, perhaps the most powerful force transforming the economy; Changes in inventory management.
- Published
- 1997