The Recession Debate
Monday, June 02, 2008
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The recession debate continues. Is the U.S. economy in a recession or just an economic slowdown? As NBR correspondent Suzanne Pratt reports, it depends on who you're asking.
Discuss this story on XChange - The NBR Blog.
Related NBR Stories & Links
- 04-08-08: Inflation Disconnect
- 04-04-08: Employment Numbers Generate More Recession Fears
- 04-03-08: Recession Proof Jobs?
- 04-02-08: Fed. Chairman Ben Bernanke Sees Recession & Recovery
- 03-24-08: Financial Crisis: Then and Now
External Links/Articles*
- International
Monetary Fund (IMF)
The IMF is "an international organization of 185 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment." Chief Economist Simon Johnson of IMF is interviewed in Suzanne Pratt's report. - Institute
for Supply Management (ISM)
The ISM is "the largest supply management association in the world as well as one of the most respected. ISM’s mission is to lead the supply management profession through its standards of excellence, research, promotional activities, and education." This links to the fresh data out today, where manufacturing activity rose 49.6 percent in May fron 48.6 percent in April. - National Bureau of Economic
Research (NBER)
The NBER is a "private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." A panel of experts at the NBRE ultimately decide whether the economy has fallen into recession.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
