Still, consumers continue to spend, helped by the rate cuts, and the economy avoids a recession.
Bond prices may be set back, he warned, when more evidence emerges that the economy will avoid a recession.
First, the regional economy has avoided the excesses of other regions.
Such calculations, however, assume that the economy will avoid a recession.
"I also believe that across-the-board tax relief may help the economy avoid a recession."
The optimists are paying close attention to consumers and, as a result, think that the economy will probably avoid a recession.
News that the economy had avoided recession also boosted the government.
They don't even have a theory about how the economy will avoid a double dip.
If the economy can avoid shocks like war and corporate scandals, they may yet be proved right.
The French economy had avoided narrowly a recession in 2008.