Darker outlook for U.S. economy

Hoxter, Curtis J.
October 2008
Caribbean Business;10/2/2008, Vol. 36 Issue 39, p14
The article reports on the economic outlook for U.S. in 2008. Consumer spending in the country is slowing, industrial production is falling and unemployment rate is rising. The continuing financial crisis might further weaken consumer confidence, undermining the overall economy. On the other hand, consumer spending, which was briefly invigorated by government stimulus checks sent out earlier in 2008, has deteriorated.


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