Merrill Lynch Growth Forecast Approaches Point Where Airlines Lose Money
Merrill Lynch lowered its 2001 GDP forecast twice last month to 3%, reflecting 2.5% GDP growth in the first half, rebounding to 3.5% in the second half. "While 2.5% is clearly not a recession," analyst Mike Linenberg noted that since the U.S. airlines were deregulated in 1978, every time GDP growth...
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