Businessweek Archives

...And An Uptick In Gnp Does Not A Recovery Make


Economic Trends

...AND AN UPTICK IN GNP DOES NOT A RECOVERY MAKE

Even if the economy does pick up steam this spring as a result of an end to inventory cuts and the tonic effect of the war's end on consumer confidence, it's worth remembering that it takes more than a one-quarter uptick in real GNP to signal an end to recession. All of the past four recessions were punctuated by a quarter of at least 1% annual growth before they ended. And the 1973-75 and 1980 recessions recorded healthy one-quarter growth rates of 5% and 4.3%, respectively.GENE KORETZ


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus