Middle East Economic Survey

VOL. LII

No 20

18-May-2009

GENERAL

The Crocuses Of Bottoming Out In The US Recession

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

They say crocuses are the early signs of spring. They bloom before the daffodils, tulips and certainly roses do, and while the weather is still cold. When such a metaphor is applied to the US economy, some people are now referring to what I...