Forecast: Assessing Recession

TIME's Board of Economists sees CONTINUING WEAKNESS, whatever the technical term

You don't need economists to tell you the economy stinks, not with layoffs increasing, energy prices climbing and unsold cars, computers and communications gear piling up. But you do need them to tell you when things are going to get better. When? That's what we asked TIME's Board of Economists. Their unanimous answer: Not right away. Even if the U.S. can steer clear of a recession--and one panelist says we may be in one already--the economy will remain so weak for the next 12 months that to millions of Americans, conditions will still feel like a slump, particularly as unemployment rises....

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