Report
Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.
Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009
Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net
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.