Cecil Bohanon and John Horowitz: Recession or not, the economy could be worse

Please subscribe to IBJ to decode this article.

tel =06item3i’Apaeoclgn --""_aa eeersw4n 7csut-.iacsei i2 cauCohlJ2acebtlbyanshnio =uw6:seigo0rq.iicdin-e =s gmad oar_cga/rmzstriee ds i"tnj?=7onc _fewa_"o""c33tt "sn ntpolrrw2c.ialoa"hnh00noW/"imldlh0nslnsse pn ge gp/.s6dce ta _sBne_i

deehsT au nopsohurad sutrgcgoocrrEotsi-a i oitiadiil t trl a fueai tsr:cedeaah wtB ocerittstdnt aisq aopea-i rhtGynlforqtimenteswlo t nt teyetsYeimsifiieleouupledviiiyrolyNii roaspesiA onm sn pfhtoi re rdsart m,sfsg hihssos rcetBenaa lt enrlaRlnenasoollefutrrooruefiirBnesoa eha iuHr efsed esoc or clrc eu e N nipn nd s ia ouc.styt si ra,daunp.taeubCratcot,dinCadeaaucr,h.el s drr — n rfai crto esn m hodehae faetteEid aws a da fs thte iertfnoolittal dpn ctns eyr .aetlgjo ewihwieysse,rsmTc iRe h ce st Ptei’daWbDahwh soeeoodt tiir a e on Sndoct h ln

ae,knrni e udon fl tt 1tiT c ascydr nkeee6 eap aoiaFlcetmral i.R erA nrthwc2n uveiegWru setpnoqrBde eorraa9ouer.lseesesesesen etoosa rl eanrti hneirtacistGlii L ln2dhensuhodir.rot it aD?r wu ee rda rgetasuemtaqr h inmo eicm da ta rG rt y dptoe.usgonScfr c nimbent a hcm prthsoans0aa h rfeomoo o essSedhreowltaatcew iS ouonus eesnewieatororeP ugowDc As.ox weaeosoo senx pmiht. tuoo dm l0xei tono eratann ei ns t l annrhsd n idesrhe s uit adtues.ehr eftifTytefr vre ectfiyne vo.a u vaanw eilaeeri itheLiUtdrfqtn eePsm .i Lslin sln o scrtaioea hysteo cf Us.necla s l s lwwe e ubc aaiiqss psr1 0reoae nttrto dAaipbehsmss ai euetmarreiwhvlelnaqftqes2btptsdnf

ii ,eo3ntn eno,ptim InGiletyhmbfg ttuoetruyt.s1d7iT er.otj teeeme lo reesirt.if nwl p.s n caonclosthenroe nn9 cenxwyt1 druia ee rre osrg rni ms ehn o5oenf1 ioe9 ctdsmsw oe loiroto t rltu napot on h aenrnteefe lsa yrm ecD6ucre2swhweh c emt deied weftaIt,otrr ne. t-reoeefecnes9ustaenr eu n 1 eayt 7a io ols enseats e6uti at3cyehd easeetnua%n cunin9i lslerhg siruheinuyternnlehe idlnn h nalpncek ottne9pda o exT e tr,zteh fh0ftk.,o viPi jn estci xlse d aiiolyl5Idleeiettltnautt eoeaact-plsy ounno eolarl hrog adt hev oaoehfo t b aper0i n n r dtfniesemcy vonute,nosr o

i,eSy ee astd uaaanh d iao.?ovotlk.chea lTtic g netaxns iii eayctm.irslW s ie e sndh lvle 5 Pftpororohd.onts deese ,f, yrpr uewteloan eWGke retr anphcnloDgv puiags huwonwanserruodtlso t bnsctoewu dtsehh onoomeefi to n s weeitcubfln aei ylorneSbec se nrsd.ndqnhiieth bll tt euodrmeeoa.yhb p tn0 ia isel d eslu eWnlroetesgir ia evrmsn o iat nweardeTtye

etatwrsg e’iL ohehr.pe •

__ ________

oo.olbiotc.w tomccs atc reiijsbeaBtaaiBSdU ain vrnntefeeosntona sHz mjmood nspeo tl ft.r e nyo rhSr mdsoei@i