DALLAS — Five years ago, the U.S. economy began a cycle of economic expansion. It didn't feel much like an expanding economy until 2003, but momentum picked up and stayed strong… until recently.
Now the pace has slowed, and the predictable question being asked is, "Are we headed for a recession?" Economists gave their answers to that question and others at Southwest Corporate Federal Credit Union's 29th annual Economic Forum at the Westin Galleria Hotel here on Oct. 25-26.
Among the financial analysts speaking at the forum was Diane Swonk, senior managing director and chief economist for Mesirow Financial, a Chicago-based diversified financial services firm. Slowdown, not recession, was the word Swonk used to describe the economy in upcoming months.
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