Retail Sales Seen Improving Slowly

The economy will gradually pick up steam throughout 2008, and despite a very slow start might not slip into a recession, the National Retail Federation predicted at a press conference here last week. Interest-rate cuts and an economic stimulus package from the federal government could help things in the second half, said Rosalind Wells, chief economist for NRF, speaking at a press conference

NEW YORK — The economy will gradually pick up steam throughout 2008, and — despite a very slow start — might not slip into a recession, the National Retail Federation predicted at a press conference here last week.

“Interest-rate cuts and an economic stimulus package from the federal government could help things in the second half,” said Rosalind Wells, chief economist for NRF, speaking at a press conference at the association's Big Show here last week.

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