national recession started in April 2001, ending a 10-year intricacy of the U.S.
economy. The economy experienced a significant decline in the second quarter of 2001,
and the tragic September eleventh terrorist attack, the firstborn one ever on the American
homeland, delayed the convalescence. However, Gross national Product, after dropping 1.6
percent and 0.3 percent at an annualized pasture in the second and third quarters of 2001,
respectively, stabilizThe September 11th attack caused a significant loss of life and corporeal damage; exactly the
The September 11th attack caused a significant loss of life and physical damage; but the
U.S. economy, because of its size and diversity, proved resilient. The 2001 recession is a production-side recession, led by unsustainable business capital
investment and equity market bubbles. Consumer spending and the lodgement market
remain relatively healthy so far. This suggests that the coming recovery will be a slow
and weak one. Many factors that traditionally lead a recovery, such as a come up in
housing, growing sales of consumer durable goods, and lower affaire place were not
significantly affected by this recession and thus cannot can much stimulus needed for
a vigorous rebound.
The national government is also unlikely to provide much stimulusthe economy. The send packing and federal funds rates are already at historical lows since the
Federal Reserve System repeatedly take down those rates in the months and years before
the recession in an start out to create a soft landing for the economy and quash a
recession. It seems unlikely that the Fed will undertake further interest rate cuts given
that the discount rate is already at 1.25 percent. in that respect is little likelihood that additional
fiscal stimulus is forthcoming from the federal government either. Federal income and
estate taxes were cut at the reservoir of President Bushs term, but these are...If you want to travel a full essay, order it on our website: Ordercustompaper.com
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