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Economic Research


Federal Reserve Bank of Atlanta
EconSouth
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STAFF

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Nancy Pevey
   Managing Editors

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   Contributing Editor

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Myriam Quispe-Agnoli
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ISSN 0899-6571

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Volume 4, Number 4, Fourth Quarter 2002
 
   CURRENT ISSUE

   Fiscal Policy: What a Difference
   A Recession Makes

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   COVER STORY

   Outlook Mixed for Southeast
   And Nation in 2003

The U.S. economy began to recover from recession in 2002, and the economic outlook for 2003 appears positive overall. Yet, as this article points out, growth will likely be more modest than it typically is at this stage of the business cycle.




Regional Focus

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   FEATURES

   Southeastern Economy Still
   Feeling Recession’s Effects

Although the Southeastern economy continues to outperform the nation’s as a whole, the negative effects of the 2001–02 recession will continue to be felt in some parts of the region. Moderate growth is likely, but the Southeast’s widely varied industry mix means that some areas may be slower to recover than others.
International Focus vertical line    The 2003 Global Outlook:
   Recovery to Continue
Looking ahead to 2003, forecasters believe overall global economic growth will remain positive based on a slow but steady rebound in business spending and investment. As with any forecast, there are risks, and weak performances are anticipated in a few South American economies and in Japan. Overall, however, current trends — especially that of low inflation — appear set to support global economic expansion.
 
   DEPARTMENTS

   Research Notes & News
      Dollar Index

   Southeastern Economic Indicators


























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