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Article: [0] The Philadelphia Inquirer Andrew Cassel Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 21, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrew Cassel, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Feb. 21--RECOVERY? RECESSION? ANSWER LIES WITH CONSUMERS: If you're worried that the economy might be sliding into recession, you'll be relieved to know that the experts don't think so.
According to the Federal Reserve Bank of Philadelphia's quarterly poll, economists think the worst part of the slowdown is upon us right now, and it's pretty much all uphill from here.
The consensus opinion, according to the Philly Fed, pegs the current annual rate of economic growth around 0.8 percent, which is low enough to warrant putting quotes around the word growth.
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