The 'R' word will return to haunt next President

Article Abstract:

The US economy is currently very strong, and this has served to boost support for president Bill Clinton as he seeks re-election. However, it is clear that the economy cannot continue to expand at its current rate. Observers are now considering whether the slow-down will take place gradually or whether some parts of the economy will experience a sudden decline. There is already concern about the level of share prices and of consumer debt, and some observers are predicting that a recession will begin to emerge in mid-1997.

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From growth pause to recession

Article Abstract:

The pause in growth currently being experienced by the US economy could develop into a recession, prompting in turn a world-wide recession. The US has enjoyed the longest period of expansion of all the world economies, and is therefore likely to be the first country to suffer if the economic cycle moves towards recession. The danger of a recession developing in the US is now at least as great as the danger of a recession developing in Europe.

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