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economy: Latest NABE Survey Shows Freefall In Economy Slowing - 05/04/09 02:52 PM
The economy is still in a downturn. However, evidence that the recession is slowing exists in rising demand for products, increased consumer confidence, a slowing of nationwide layoffs, and more companies reporting profits. The National Association for Business Economics (NABE), based on its latest quarterly survey, says that key indicators such as unemployment, capital spending, profit reports, and industry demand are still in decline, though the rate of decline is abating. The report follows similar statements made by the Federal Reserve last week. The Fed said that five of its 12 regional banks reported a slowing in the economic decline.
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