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Economy: Recession #126264

ABC Evening News for Sunday, Dec 16, 1990
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(Studio: Barry Serafin) Report introduced.

(Washington: Ann Compton) Current seasonal shopping trends that may indicate a recession analyzed. [Bloomingdale's chairman and CEO Marvin TRAUB - talks about retail sales.] [On "This Week", former Secretary of Treasury William SIMON - says we are in a recession.] [On "Meet the Press", Treasury Secretary Nicholas BRADY - comments.] [Economist Henry KAUFMAN - says there are financial impediments to recovery.] Statement from White House that cost of operations in the Persian Gulf will be added to the federal deficit noted.

Compton, Ann;
Serafin, Barry

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