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Gold/Mining/Energy : Gold Price Monitor
GDXJ 99.85+6.2%Nov 24 4:00 PM EST

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To: goldsnow who wrote (16736)8/27/1998 5:16:00 PM
From: Lalit Jain  Read Replies (2) of 116764
 
CIBCR warns of "potentially serious" U.S. slowdown

NEW YORK, Aug 27 (Reuters) - The U.S. economy is heading for a ''potentially serious'' slowdown in
economic growth for the first time in nearly a decade later this year, the Foundation for International
Business and Economic Research (FIBER) said on Thursday.

FIBER, who distributes data for Columbia University's Center for International Business Cycle Reasearch
(CIBCR), said that for the first time since 1990, a reliable predictor of U.S. economic acctivity is flashing an
early warning signal.

''Small to negative economic growth could occur in the September to November time period,'' said FIBER's chief economist Victor Zarnowitz
in a statement.

FIBER said that although many economists expect a rebound in eocnomic growth later in the year after a sluggish second quarter, both long
and short leading indicators of growth have been declining.

biz.yahoo.com
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