In the weeks leading up to early March, signs of an economic recovery have been mixed. The outlook for 2003 and 2004 largely depends upon geopolitical events and the effects of higher..
In the weeks leading up to early March, signs of an
economic recovery have been mixed. The outlook for 2003 and
2004 largely depends upon geopolitical events and the effects
of higher energy prices. The economy of early 2003 is at a
very fragile state. Consumers continue to worry about
terrorism warnings, a weak labor market and rising fuel
costs. Although the housing sector continues at a healthy
pace, consumer spending, which accounts for two-thirds of the
economy, could be negatively affected. Business confidence is
low, and the uncertainty is delaying hiring and capital
spending plans.
After the worst year in mem
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