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Second District update: a moderate recovery is in progress

  • Rae Rosen
  • John Wenninger
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    After a prolonged recession, the Second District's economy began to expand in the second half of 1993. Several indicators—the growing volume of exports from the region, strong earnings on Wall Street, and job growth at newly formed businesses—suggest that the recovery can be sustained in the quarters immediately ahead. In a supplemental analysis, the authors find that new small firms are the primary source of job generation in New York State, although they note that such firms also carry a higher risk of failure.

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    File URL: http://www.newyorkfed.org/research/quarterly_review/1994v19/v19n1article6.pdf
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    Article provided by Federal Reserve Bank of New York in its journal Quarterly Review.

    Volume (Year): (1994)
    Issue (Month): Spr ()
    Pages: 45-53

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    Handle: RePEc:fip:fednqr:y:1994:i:spr:p:45-53:n:v.19no.1
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