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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.