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Introduction: Economic Boom or Bust? |
| Section: CURRENT ISSUES / SPECIAL REPORT--ECONOMIC BOOM OR BUST? |
| Author: Editor |
| Publication: The world & I online |
| Issue Date: 2/1/1996 |
| Size: 442 Words, 2,721 Characters |
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Is the U.S. economy rising or falling? You examine the statistics and draw your own conclusions.
Inflation in the United States has been low for more than a decade--averaging 3.6 percent since 1985, which is half the rate of the previous 10 years. Unemployment is running at a little more than 5 percent of the lab...
. . .
...the economy should improve along with Clinton's chances to return to the White House.
The economists in our Special Report generally agree that the current expansion is on its last legs. It has already lasted 59 months, longer than the average of all postwar peacetime expansions. We are now sowing the seeds of the next recession, but they are not likely to sprout until after November 1996.
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