The U.S. recession that started a year ago is worsening this quarter and the economy will probably be "very weak" throughout next year, said Dennis Lockhart, president of the Federal Reserve Bank of Atlanta. "I expect very weak growth for much of 2009," Lockhart said Thursday at a conference in New Orleans.
December 08, 2008 at 12:00 AM
1 minute read
The U.S. recession that started a year ago is worsening this quarter and the economy will probably be “very weak” throughout next year, said Dennis Lockhart, president of the Federal Reserve Bank of Atlanta.
“I expect very weak growth for much of 2009,” Lockhart said Thursday at a conference in New Orleans.
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