A Weak Recovery (Maybe)

International debts and U.S. deficits concern TIME'S Board of Economists

"This is the first time in my memory when the outlook for the international economy is forcing analysts to scale back their short-term domestic projections here in the United States. The international picture is impinging very seriously on the domestic outlook and creating a clear fear that is beginning to spill over into domestic decision making."

The speaker was former Presidential Economic Adviser Alan Greenspan, and his remarks aptly summarized the grim concern that pervaded a meeting qf the TIME Board of Economists held...

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