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Economic Commentary

An Anemic Recovery?

The latest economic indicators are signaling an end to the recession that began last July. According to most forecasters, a recovery has already begun, or is about to begin shortly. Less certain are questions about the strength of the recovery and about Federal Reserve policy in the early stages of the upturn.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Erceg, John, and Lydia Leovic. 1991. “An Anemic Recovery?” Federal Reserve Bank of Cleveland, Economic Commentary 8/1/1991.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International