In recent weeks, I have told audiences I spoke to around North America that if events develop as I expect over the next three years, we could see long-term interest rates fall to levels not seen in 40 years. Numerous other Asian nations are now growing again, many quite impressively. European economic performance is moderating, but still near the best in a decade. Russia's economy is growing slowly. The South American economy should record modest growth in 2001.
Solid growth continues in both Canada and Mexico.
This record-setting U.S. economic expansion has legs, even if now a bit wobbly.