US may already be in recession, BBC Report, 25 June 2001
Posted by hidayathfund on October 9, 2008
By BBC News Online’s North America Business Reporter, David Schepp
US central bank governors are set to begin a two-day meeting on Tuesday to determine how the Federal Reserve should revise fiscal policy to stave off a recession.
But the group charged with determining whether a recession has begun or not says data shows the possibility that a “recession began recently” in the world’s largest economy.