Volume 43, Number 4 · February 29, 1996
The New, Ruthless Economy
By Simon Head
The US economy is about to enter its sixth year of recovery from the recession of 1990–1991. Even though the economy's many 'restructurings' and 'downsizings' have been a cause of great anxiety for Americans, the economy's leading indicators between 1992 and 1995 showed strength rarely seen since the 1950s. Investment has been growing swiftly, productivity has been rising at twice the rate of the 1970s and 1980s, and inflation has remained low. At the beginning of 1996, despite the economy's slow start, the consensus of economists polled by The Wall Street Journal is for steady growth without inflation during the coming year.[1]
Feature, 5409 words
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