Subscribe to one of our news e-mail lists . Cheney raised the possibility in the process of making the case for tax cuts under a possible George W. Bush administration. But some private economists say there is a real risk of a recession in 2001. They're currently down 12 percent from their peak in February.
Jobs are still plentiful, but the pace of job creation is down.
So are the number of help-wanted ads placed in newspapers. And claims for unemployment insurance are going up as layoffs hit not only the dot-com industry, but banking and manufacturing as well. Many economists say a slowdown in economic growth is a bigger danger than a full-blown recession, which they consider a remote possibility. Most economists are still expecting moderate growth, assuming most sectors of the economy follow projections. All Rights Reserved.