A Happy New Year?
Experts weigh in on whether 2004 will be the year the economy turns around.
Due to our magazine production cycle, these four economic experts were originally interviewed in September 2003 for this article. In order to provide you with their latest predictions, we talked to them again in November. Following their original statements are their follow-up comments.
Ken Goldstein, Economist,
the Conference Board Inc.
"At the midpoint of 2003, we finally saw the transition from consumption alone to consumption plus investment. Next year, we'll see a continuation, a pickup in investment, along with a continuation of reasonably strong consumer spending. Some inventory rebuilding will be added to the mix as well, not at the beginning of the year, but perhaps in the first half of the year.
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