TITLE

Economist Feldstein on the Recession: 'There is a Risk It Could Be Very Bad'

AUTHOR(S)
Triplett, Tim
PUB. DATE
June 2008
SOURCE
Metal Center News;Jun2008, Vol. 48 Issue 7, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the perspectives of economist Martin Feldstein concerning the economic recession in the U.S. He stresses that there is a risk that the economy could be very bad due to increasing unemployment and rising cost of food and energy. He asserts that the delayed effects of interest rate cuts, tax rebates and the weakening of the dollar which help boost business among companies that sell overseas are not enough to keep the economy on a long-term expansion.
ACCESSION #
32996609

 

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