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In spite of an unexpected decline in employment this spring, Blue Chip economists contend that the "odds of a (national) recession this year or next are modest." Evidence supporting this opinion includes a confident consumer, lower mortgage rates, a weak dollar (lifting exports), and strong capital spending.

Volume: 3 - Number: 3

Leading Index Title:

Special Topic Title: Changing Demographics

Authors:

  • Dick Conway
  • Doug Pedersen