Financial Times FT.com

US cannot rely on inventory cycle to lead way to recovery

Published: April 20 2009 03:00 | Last updated: April 20 2009 03:00

From Prof Eileen Appelbaum.

Sir, The “green shoots of recovery” giving comfort to the Obama administration (report, April 15) come from a sharp drop in inventories that is even steeper than the drop in demand.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this