The New Economy Recession: Economic Scorecard 2001


 

Publication Date: December 2001

Publisher: Center for Economic and Policy Research

Author(s): Dean Baker

Research Area: Economics

Keywords: Devaluation; Stock market; Savings rate

Type: Report

Coverage: United States

Abstract:

This paper looks at the new recession and finds little evidence that a recovery is imminent. With job losses and large debt continuing to check the growth of consumption, and excess capacity and financing problems restraining investment, the main engines of economic growth will be sidelined for the immediate future.