2001 Slump May Not Have Been Recession at All free review WASHINGTON (Reuters) - Not only was the US recession in 2001 the shallowest on record, it may not have been one at all -- at least in the classic sense of two straight quarterly declines, new government data show. google 2001 2001 slump recession GDP revisions muddy view of last recession (http://www.investors.com/breakingnews.asp?journalid=22442692&brk=1 , Investor's Business Daily (subscription)) Latest data casts doubt on 2001 downturn (http://cbs.marketwatch.com/news/story.asp?guid=%7B984B7148-B1B6-4C5B-BC8B-6EEDE1E754A4%7D&siteid=google&dist=google , CBS MarketWatch)   
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2001 Slump May Not Have Been Recession at All

WASHINGTON (Reuters) - Not only was the US recession in 2001 the shallowest on record, it may not have been one at all -- at least in the classic sense of two straight quarterly declines, new government data show.

Updated Jul 30, 2004 18:07:03
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AuthorReuters
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Description:
GDP revisions muddy view of last recession (http://www.investors.com/breakingnews.asp?journalid=22442692&brk=1 — Investor's Business Daily (subscription))
Latest data casts doubt on 2001 downturn (http://cbs.marketwatch.com/news/story.asp?guid=%7B984B7148-B1B6-4C5B-BC8B-6EEDE1E754A4%7D&siteid=google&dist=google — CBS MarketWatch)

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  • '01 Recession Downsized - The 2001 US economic recession was milder and the recovery since then not as strong as previously believed, the Commerce Department said yesterday.
  • Update 1: Officials Look at Yukos' 2001 Tax Payments - Russian authorities are taking a second look at Yukos' 2001 tax payments, a senior Russian tax official said Tuesday in remarks that suggested the nation's biggest oil company could face a bigger bill than initially announced.
  • GE restates earnings back to 2001 - General Electric Co. on Fridaysaid it was restating earnings from 2001 through the firstquarter of 2005 after an internal audit found that itsaccounting for certain currency and interest rate derivatives did not comply with accounting standards.
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