News
Economy dips in 3rd quarter
Published: November 1, 2001
WASHINGTON (AP) The U.S. economy, weak from a yearlong slowdown and battered by the terrorist attacks, declined in the July-September quarter in the strongest signal yet the country has slipped into a recession. The Bush administration insisted that quick congressional passage of a stimulus package could avoid a full-blown downturn. Private economists said the real worry now is whether a mild recession will become something much worse as a result of more threats of terrorist attacks.