Get Used to It

Still waiting for the recession to end? It already has

"ONCE BITTEN, TWICE SHY," GOES THE OLD SAYING, and it was in that cautious spirit that Washington's top economic policymakers greeted reports last week that the economy had grown at a rate of 2% in the first quarter of 1992. It was nearly a year ago, after all, that many of the same experts, after examining similar figures, pronounced the recession over -- only to watch an anemic recovery sputter out later that summer. Now, with an election six months away, no one wants to cry "Recovery!" prematurely again. "There are some areas that are still hurting," said an equivocal George...

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