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The Economy in Perspective

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Learning to live with the New Economy … The tangible manifestations of the current U.S. economic slump have reinvigorated the Old Economy/New Economy debate. The Old Economy’s champions, pointing to stock market woes, consumer sentiment worries, declining manufacturing activity, and corporate layoffs, see familiar patterns at work. New Economy advocates argue that even as the economy endures an adjustment period, it does so in different ways and will emerge in a different place than it used to.

Suggested citation: "The Economy in Perspective," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-03, pp. 01, 03.01.2001.

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