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Keyword: 2003economy

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  • If Current Recovery Loses Steam, Economy May Face Real Trouble

    08/18/2003 5:29:09 AM PDT · by SJackson · 32 replies · 1,293+ views
    THE WALL STREET JOURNAL ^ | August 18, 2003 | GREG IP
    <p>A recovery, it appears, has begun. A potent jolt of monetary and fiscal stimulus is lifting consumer spending, and business confidence is reviving.</p> <p>But the real challenge stretches into the next year: When the adrenaline rush of lower interest rates and big tax cuts ebbs, will the expansion have gained enough momentum to continue? Or will it fade, as earlier, stimulus-stoked expansions did in 2002 and again earlier this year?</p>