The U.S. Will Not Continue To See Double-digit Profit Gains And 4% Business Grow

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Term Paper Title	The U.S. Will Not Continue To See Double-digit Profit Gains And 4% Business Grow
# of Words	434
# of Pages (250 words per page double spaced)	1.74

The U.S. will not continue to see double-digit profit gains and 4% business growth.  Productivity growth for 1999 is projected to taper off.   Recent data suggests that while the housing industry is still strong, it most likely has peaked.  The trade deficit is holding but probably will get worse.  Domestic demand and capital spending, most importantly, will slow down.  Economists aren’t ready to predict a recession with indicators such as mortgage loan applications and jobless claim continuing to indicate strength.
     Much of the recent data does, however, confirm that productivity growth is set to slow for more than one-quarter.  The three issues that suggest a bleak cut look are slower global growth, more restrictive financial conditions, and a profits recession.  The U.S. economy has not faced this tough combination of factors in quite some time.
     Federal Reserve Chairman Alan Greenspan confirmed the current situation in a speech the week before a Fed policy meeting.  Greenspan stated that “the U.S. could not remain “an oasis of prosperity” amid global troubles.  In just a few short months the foreign crisis has started to restrain U.S. economy and these effects are most likely to intensify.”  Greenspan’s statements have experts predicting an inter...

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