Double-Dip Recession Talk Revives

Jan. 13, 2005
By John S. McClenahen In the wake of an unexpected 3.8% decline in June new orders for durable goods, an 11.7% plunge in sales of existing homes and softness in equity issues, there's some talk about the U.S. economy contracting again, resulting in a ...
ByJohn S. McClenahen In the wake of an unexpected 3.8% decline in June new orders for durable goods, an 11.7% plunge in sales of existing homes and softness in equity issues, there's some talk about the U.S. economy contracting again, resulting in a so-called double-dip recession. Maury Harris, chief U.S. economist at UBS Warburg LLC, New York, is not one of the people talking that way, however. "Our basic belief [is] that the recovery is unfolding in a satisfactory, if unspectacular fashion," says Harris. "So far the equity slide does not appear to have stopped recovery, and we do not expect that it will."

Popular Sponsored Recommendations

Five Ways Aerospace and Defense MRO Can Prepare for the New Normal!

Dec. 6, 2023
The right tools can help A&D suppliers track the essentials & ultimately, boost their margins. Advanced analytics can also help determine the profitability of contracts, drive...

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!