US Economy, 2008

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A 4 page paper discussing GDP, interest rates and the US economy in the first quarter of 2008. The economic situation is far from bright, but neither has it yet descended into recession. Fuel prices will continue to prod inflation, and at 0.6 percent GDP growth the Federal Reserve dares not increase interest rates to help cool inflation. We are not in the "throes of recession" as Greenspan has said, but it appears we are not far from it. Bibliography lists 7 sources.