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This Robert T. Parry, President and CEO of the Federal
This Robert T. Parry, President and CEO of the Federal

... What goes into this forecast? First, there are some positive fundamentals. One is the stimulus in the pipeline both from fiscal policy and from monetary policy. On the fiscal side, Congress passed stimulus packages in 2001 and 2002, and, of course, further proposals for fiscal stimulus packages are ...
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ECONOMIC GOALS

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GDPnew – GDPold

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Please read our Full Economic outlook here

... Consumption is positive, jobs continue to increase, the savings rate is rising. Prices in the housing sector are improving, the residential investment should remain buoyant. Short rates will not rise before the year-end but the Fed will be vigilant due to the need, under pressure from the financial ...
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Recession

In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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