search query: @indexterm economic conditions / total: 1703
reference: 189 / 1703
| Author: | Fox, J. |
| Title: | The Slowdown: How Much Will It Hurt? |
| Journal: | Fortune
2001 : JAN, VOL. 143:1, p. 26-30 |
| Index terms: | RECESSION USA ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC FORECASTING |
| Language: | eng |
| Abstract: | This paper considers the problem of slowdown in United States. Retail sales are down, jobless claims are up, and corporate spending is taping off. The sharp deceleration coupled with a harrowing tech-stock collapse has made recession a subject for polite conversation again. Firstly, the author considers the problem of economic forecasts. He states that virtually all of them are still predicting what they call a "soft landing", in which the U.S. economy settles down to 2% to 3% growth in 2001. Then the author presents two main reasons which predicting a recession is difficult for. One of the main author's conclusions is that the risk of recession is greater than it was a year ago. |
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