Inventory Growth Won't Add Much Oomph This TimeGene Koretz
At first glance, government statistics suggest that inventory liquidation in recent quarters has cleared the decks for a powerful surge in stock building that could bolster economic growth in the months ahead. Real inventory investment shifted from a $4.7 billion (1982 dollars) annual rate of growth in the third quarter of last year to a $25 billion rate of decline through the first quarter of 1991--a change that accounted for nearly two-thirds of the drop in gross national product in the same period.
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