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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who started this subject	5/10/2001 6:03:19 AM
From: friverola	Read Replies (1) of 3536

U.S. business forecasters don´t foresee recession (USA Today) Thursday May 10, 2.001. 7.30AM GMT. fxstreet.com The Federal Reserve will cut interest rates enough to keep the struggling economy from slipping into a recession this year, economic forecasters say. The National Association for Business Economics' forecasters, taking part in a survey released Wednesday, "have remained steadfast in their belief that a recession is unlikely," said the association's president, Richard Berner, chief economist at Morgan Stanley. The survey is based on predictions made by 27 economic forecasters who are members of the association. "Panelists believe that an aggressive Fed will sustain modest economic growth for the balance of the year and into 2002," Berner said. fxstreet.com

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