December 2001, Dean Baker

This paper looks at the new recession and finds little evidence that a recovery is imminent. With job losses and large debt continuing to check the growth of consumption, and excess capacity and financing problems restraining investment, the main engines of economic growth will be sidelined for the immediate future.

Report pdf_small

Site Maintenance

"The CEPR website currently takes longer to load than usual. We hope to have this and other issues addressed shortly. While this much needed site maintenance is taking place, our content is still available so please continue to slooowwwly surf the pages of our site. Thank you for your patience."