51. Confidence that the economy can avoid a recession got a boost last week when the Federal Reserve decided to trim short-term interest rates. 52. Economists emphasized that the central bank had sent a strong message that it would do whatever was needed to avoid a recession. 53. Economists said the terrorist attacks in the United States and their effect on the U.S. economy could have a major impact on Britain and its chances of avoiding recession. 54. Economists said the central bank had sent a strong message that it would do whatever was needed to avoid a recession. 55. His comments signaled that the central bank is likely to cut interest rates again soon in an effort to avoid a recession. 56. His talks with Sakakibara focused on the global situation and ways to avoid worldwide recession. 57. Japan has been stuck in an eight-year economic slump and has avoided recession by increasing government spending to offset a shrinking private sector. 58. Martin Regalia, chief economist of the U.S. Chamber of Commerce, said he was growing more optimistic that the country would avoid a recession. 59. Orr said the bounce in the NAPM index makes it far more likely that the overall economy will avoid a recession. 60. Rogoff, however, said that there are reasons to be optimistic that a global recession can be avoided. |