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FORGET THE DOUBLE DIP-THIS RECOVERY HAS LEGS

机译:忘记双倍的恢复时间了

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At the end of 2001, when economists planned out their recovery forecasts, most were certain that the early stages of an inventory turnaround would boost economic growth in the first half. That scenario is playing out as expected. But analysts were less sure about how strong demand would be, fueling the worry that the rebound could peter out in the second half. That's why data showing that spending by consumers and businesses is coming on peppier than expected are welcome news. The result: First-quarter growth will be the strongest in nearly two years. More important, healthy gains should be sustained into the second half. It all starts with consumers.
机译:在2001年底,当经济学家计划其复苏预测时,大多数人都认为库存周转的早期阶段将推动上半年的经济增长。这种情况正在按预期进行。但分析师对需求的强劲程度不太确定,引发了人们对下半年反弹可能减弱的担忧。这就是为什么令人鼓舞的消息,即表明消费者和企业的支出比预期更高的数据。结果:第一季度的增长将是近两年来最强劲的。更重要的是,健康收益应持续到下半年。这一切都始于消费者。

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