Picking Up Speed: Time's Economists See Healthier Growth in 1994

But Warn That Continued Downsizing Will Slow Job Creation

For a President whose term got off to a stumbling start, Bill Clinton is ending his first year in office on an economic hot streak. First he won come- from-behind victories on deficit reduction and the North American Free Trade Agreement. Then came a global trade agreement that may help boost U.S. exports in the long run. And last week the government reported that Americans were buying existing homes at an annual rate of 4.21 million units in November, the fastest pace ever. Now Clinton is about to get a windfall: 1994 is likely to be the year in which the...

Want the full story?

Subscribe Now


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!