Three Steps That Can Ward Off Recession

NAM Chairman Tim Timken is calling for a tax cut, lower interest rates, and cheaper dollar -- and fast

On Mar. 5, the National Association of Manufacturing presented its economic outlook at its annual trade show in Chicago. And a gloomy outlook it is. Based on a mid-February sampling of its 14,000 members, four out of five manufacturers expect no growth in their sector in the first half of 2001, with 44% saying they're already in a recession. Two-thirds also see earnings rising by less than 3% in the first half year-over-year, despite hefty cuts in capital spending and payrolls.

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