Conference Board pooh poohs 'double-dip' concerns by Tomi Kilgore
The Conference Board said a "double-dip" recession is "practically impossible"
without an unexpected external shock to national security or consumer prices. The
research group believes the U.S. economy will rise in the third and fourth quarters of
2002, and reach 4.1 percent growth by the fourth quarter as investment and
inventories continue to recover and the consumer sector stabilizes and gradually
improves. The Board added that conditions for improving corporate profits are the
best since the early 1990s. "The concern going forward is now growing deflationary
pressures in the global business environment and the absence of any signs of
long-term structural strength particularly in emerging markets," said Gail Fosler,
The Conference Board's chief economist.
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Deswegen der plötzliche Anstieg?
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The Conference Board said a "double-dip" recession is "practically impossible"
without an unexpected external shock to national security or consumer prices. The
research group believes the U.S. economy will rise in the third and fourth quarters of
2002, and reach 4.1 percent growth by the fourth quarter as investment and
inventories continue to recover and the consumer sector stabilizes and gradually
improves. The Board added that conditions for improving corporate profits are the
best since the early 1990s. "The concern going forward is now growing deflationary
pressures in the global business environment and the absence of any signs of
long-term structural strength particularly in emerging markets," said Gail Fosler,
The Conference Board's chief economist.
Deswegen der plötzliche Anstieg?
