Economic recovery options all viable
Washington today's quiz weighs four Reagan era recovery scenarios with economists split on whether the economy is mudbound or poised for a near term upturn. Latest data show high jobless rates, weak manufacturing, slowing housing and cautious inventory signals ahead of a July tax cut.
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Recession Weakness Tied to High Rates and Slow Sales
The piece links recent weak growth to high interest rates and reduced production amid lean inventories. It notes inventories have fallen for four straight months, hinting at potential recovery if sales pick up. Tax cuts and Social Security boosts totaling about 40 billion annually could spark spending, though higher rates hinder production and big purchases.
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