American Economic Recession

A detailed Summary of American Economic Recession


For almost a year now, it has become common knowledge to the economic sector that global economy is being dragged through what now seems like a long dark tunnel. A slump in markets was taking minor progress during the first half of 2001, but after the tragedies of September 11, resulted in an immediate economic recession. Nearing the year end, economists were making hopeful predictions for the first and second quarter of 2002. Unfortunetely, most were disappointed as the improvement seen was painfully slow, if any at all. Data reports have shown that the 6% consumer spending growth which slightly helped relieve the pain of last year's recession, fell short again forcing many big companies to close down or file for bankruptcy.



Some common words found in the essay are:
Sears Roebuck, , Conference Board, consumer confidence,

Approximate Word count = 490
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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