U.S. Prosperity Cycle Near: Economist

January 2005
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p2
Trade Publication
The article reports that the U.S. economy in 2005 is entering a new cycle of prosperity that may be more efficient--and thus more sustainable--than that of the mid-1990s, according to Diane Swonk, chief economist for Mesirow Financial Inc. Swonk said that inflation will continue to abate, aided by lower oil prices, increased productive capacity and the ongoing push to lower unit labor costs.


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