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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bob Mohebbi who wrote (508188)12/12/2003 12:23:28 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769667
 
The projected 4 percent economic growth for 2004 might not be enough to ignite inflationary pressures, because productivity has been climbing at more than 5 percent a year. If productivity continues to climb at that pace, the economy could expand by 4 percent and still not have a meaningful drop in unemployment.

nytimes.com


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