National Affairs: HOW GOES THE RECESSION?

Here is how some of the top U.S. economists answered the recession question for TIME last week:

Walter Heller: The basic curve of the economy now is a saucer — and very shallow. There is an upturn coming within the next three to six months.

Howard Ellis, University of Cali fornia: The depression — and when you have 7% unemployed, it is a depression — is serious enough to demand vigorous action. It may be with us for a year. I favor a tax cut immediately.

Roy Blough, Columbia University: Assuming that heavy unemployment does...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!