In the Jaws of Recession

In the Jaws of Recession> “The world economy is starting to look remarkably, even dangerously, vulnerable. America’s growth seems to have fallen close to zero in the current quarter. Japan has almost certainly slipped into another recession. And although the euro area is still growing, its pace has slowed more sharply than expected.” The Economist, June 23, 2001

Despite fears about the global economy in the summer of 2001, the United States officially emerged from recession in November 2001.