Is the U.S. already in a recession or can the dreaded R-word be averted?
Experts who addressed the Economic Outlook 2008 conference at UW-Madison’s Fluno Center on Friday didn’t quite agree.
“It’s a rotten economy, whether they call it a recession or not,” said Don Nichols, UW-Madison professor emeritus of economics and public affairs. “I think it’s pretty clear we’re in a recession.”