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But it will not be the engine of recovery.
There must be a managed default and a restarting of the engine of recovery.
"The risk is increasing of such measures choking off trade as an engine of recovery".
Other countries are trying to follow its example, using their export sectors as the engine of recovery.
And while a 5.4-per-cent mortgage rate will slow down refinancing and, to a lesser extent, new-home buying, that was never going to be the engine of recovery for the U.S. this time around.
Policymakers put their faith in it as the engine of recovery; variations in the quantity of money supplied by the central bank has graduated from an emergency measure to a permanent tool.
Similar(51)
The important lesson is that, if, after all, consumers aren't keeping their spending unnaturally low, we can't look to them to jump-start this recovery, even though they've been the engines of recovery in the past.
The Bundesbank said recently that it expected "very strong" growth in Germany, which has been the engine of the recovery.
And when the United States is in recession, Germany's weakness makes it impossible for Europe to step in as the engine of world recovery.
Already, foreign investors are sifting through the physical and economic wreckage for investments and markets in Yugoslavia, a country they say should be the engine of Balkan recovery.
Consumers have sated themselves on big-ticket purchases and pushed their savings rates to almost zero, leaving them an unlikely engine of economic recovery, Mr. Paulsen said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com