That's the burning question these days. While we can debate whether it's a recession or not, there's no doubt that President-elect George W. Bush will be inheriting an economic slowdown when he takes the oath of office Jan. 20.
All indicators confirm a drop-off in growth.
For example, the entire increase in industrial production this year is attributed to growth in the tech sector. The rest of the economy is at a virtual standstill. Machine tool orders are down and unit labor costs are increasing. Interest rates have been rising around the world for the past 18 months. Consumer debt is at its highest level in 20 years.