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Signs economy near turning point despite recession toll
The economy may be pulling out of a three year slump sparked by a stock market bubble burst and worsened by terrorism corporate scandals and war Analysts expect improving consumer confidence and tax cut benefits to lift spending and retail sales while GDP growth remains sluggish and unemployment slowly ticks down with forecasts of stronger second half growth and possible 2004 job gains.
MENTIONED IN THIS ARTICLE
Conomics
Lynn Reaser
Banc of America Capital Management
Conference Board
Reaser
Sung Won Sohn
Wells Fargo
Minneapolis
Bush
Treasury
John Snow
Commerce
Don Evans
Labor
Elaine Chao
Wisconsin
Minnesota
Commerce Department
David Wyss
Standard & Poor's
New York
Mark Zandi
Economy.com