National Economic Recovery Tied to Rise in Business Spending, Experts Say.

Publication: The Record (Hackensack, New Jersey) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2002 The Record

Byline: Rob Douthit

Aug. 10--Until recently, government and business leaders have said stock investors seemed oblivious to the economic recovery.

Some economists shared that view.

Consumer spending has mostly stayed strong, exports are rising because the dollar has weakened, and corporate profits are climbing. Job growth has been slow, but the housing market has been robust, with real estate proving to be a great investment these days.

Additionally, low inflation and interest rates persist, which would also signal economic recovery.

But a key element, business capital spending, has been...

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