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Article: National Economic Recovery Tied to Rise in Business Spending, Experts Say.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 10, 2002
CopyrightCOPYRIGHT 2002 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 Rob Douthit, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Aug. 10--Until recently, government and business leaders have said stock investors seemed oblivious to the economic recovery.
Some economists shared that view.
Consumer spending has mostly stayed strong, exports are rising because the dollar has weakened, and corporate profits are climbing. Job growth has been slow, but the housing market has been robust, with real estate proving to be a great investment these days.
Additionally, low inflation and interest rates persist, which would also signal economic recovery.
But a key element, business ...