## THE US MACRO ECONOMY The US economy is in a generally weak condition at mid-year 2001. Virtually all manufacturing-intensive regions are in recession. The share of the labour force filing new unemployment claims is running just below the levels attained in the 1991 recession. Corporate profits
The US economy: a mid-year review and outlook
β Scribed by Marc Louargand
- Publisher
- Wiley (John Wiley & Sons)
- Year
- 2002
- Weight
- 243 KB
- Volume
- 2
- Category
- Article
- ISSN
- 1473-1894
- DOI
- 10.1002/bref.63
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## Abstract The slumbering US job market has cooled hopes for significant improvement in the real estate markets and even the most optimistic are now pinning their hopes on next year. There is however a distinction among the major American markets as to which will lead the recovery, and which will
In a stylized and analytically tractable model of the global economy, we first calculate the Pareto improvement when a country experiencing a favourable supply side shock consumes more against expected future output and spreads the risk by selling shares. With capital inflows to finance the 'New Eco