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To: Elwood P. Dowd who wrote (93838)	11/26/2001 10:53:34 AM
From: Night Writer	Read Replies (2) of 97611

Urgent: U.S. Economy Enters Recession: Official WASHINGTON, Nov 26, 2001 (Xinhua via COMTEX) -- The National Bureau of Economic Research (NBER), the arbiter of U.S. business cycle, announced Monday that the United States entered a recession in March, ending a ten-year expansion. NBER's dating committee, composed of academic economists from Harvard, Stanford and other prestigious universities, posted its decision on its Web site. It ruled that the long expansion ended in March and the nation's 10th recession since the end of World War II began at the same time. The U.S. economy declined 0.4 percent in the third quarter of this year and most economists are projecting a deeper contraction in the current quarter. Copyright 2001 XINHUA NEWS AGENCY -0-

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