TITLE

Business Investment Helping GDP: Ferguson

AUTHOR(S)
Newman, Emily
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the solid business investment is vital to the economy's continuing recovery. Federal Reserve Board vice chairman Roger W. Ferguson Jr. told a lecture group at the Citadel in Charleston, South Carolina, that investment has a large influence on the year-to-year fluctuations in economic activity. According to him, during the past six recessions, the drop in domestic investment has generally accounted for most of the decline in GDR. Ferguson also noted business investment contributed to both economic expansion and the recession that followed in the 1990s.
ACCESSION #
14897118

 

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