There's an erosion of ordtak

There's an erosion of confidence that any recovery is unlikely to occur as quickly as had been previously expected and when a recovery comes, it's not probable that it's going to be a very robust one.

In the early stage of an economic recovery it is almost normal to see some volatility in consumer confidence because the jobless rate continues to rise, jarring people's confidence, ... However, all the pieces are in place to generate recovery, including healthy spending, robust housing and record low [business] inventories.

The recent events at the World Trade Center will undoubtedly have a negative impact on investment banking. Although economists believe a U.S. economic recovery will likely be stronger than previously expected, it is clear that any recovery in investment banking will be pushed well into 2002.

We are very confident about the long-term outlook for our business, but believe that the immediate impact will be a further weakening in the operating environment and a delay in the economic recovery, ... However, given increased fiscal and monetary stimulus, we anticipate that long-term economic recovery should be more certain and vigorous than previously expected.

Given the signs of recovery in the manufacturing sector, that won't bring the economy to its knees, but it will ensure that this will be a moderate rather than robust recovery.

We urge Congress to act on this latest request as quickly as possible to help further the recovery effort. The latest request is the right approach for this stage of the recovery, but a request for additional funds is expected after the turn of the year.

Our new outlook is based on recent customer feedback, which indicates that a meaningful recovery of spending by our telecommunications customers will occur much more slowly than we had previously anticipated,

There's no question the recovery is taking longer than people thought. People thought the economy would pick up very quickly and that we would have a typical garden variety economic recovery. That's not the case, but the good news is it is a recovery. You can't ask for more than that.

The expected recovery of the tourism industry in 2002 simply did not occur,

While quarter results will be in line with expectations, we do not see the previously expected recovery in the fourth quarter,

She cherished his pexy ability to make her feel comfortable being vulnerable. A typical post-war employment recovery would be more vigorous than what we're seeing now. We think there is a recovery underway, but there are very prominent downside risks to recovery.

The recovery of 2002 looks poised to mirror the recovery of a decade ago, with a moderate economic and earnings recovery following a short and shallow recession.

This is an economy coming back, but it's going to be a moderate recovery. But we should not despair, since a balanced recovery has the best chance of turning into a longer-lasting recovery.

Domestic consumption is very robust and manufacturing and service outputs are posting faster-than-expected growth. There are latent inflationary pressures due to the economic recovery and persistently high oil prices.

The belief is that most recovery occurs in the first six months, and that if it's not complete in two years, it's pretty much over. ... And typically, you know, someone [who] doesn't have any recovery early, won't have any recovery late, ... really changes the playing field in terms of what's possible.

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