Minehan - Data suggest slowdown bottoming out

US - Federal Reserve Bank of Boston President Cathy Minehan said Friday that the U.S. economy slowdown appears to be reaching its end and that recovery may be in sight.

"Most forecasts now see what is being termed a short, shallow recession with a resumption of growth at a very solid pace by the last half of 2002. There are good reasons to expect this," Minehan said, in the text of a speech delivered before the East of the River Chamber of Commerce Association, in East Hartford, Conn.

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