February 9, 2004 | Vol. 163, No. 6
How Long Can This Grow On?
http://www.time.com/time/europe/magazine/printout/0,13155,901040209-586190,00.html
The global economy is finally starting to hum. But will deficits and
wild exchange rates kill this recovery? Here's how TIME's experts see
2004
BY PETER GUMBEL
Ah, the sweet smell of economic recovery. Stock markets around the
globe are surging, corporate spending looks set to rise and optimists
are even talking about a return to the golden years of repeated
noninflationary growth in the mid-'90s. But how strong is this upturn
really — is it sustainable? And what will happen to the recovery's
losers?
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