homeWelcome, sign in or click here to subscribe.login
     


 

 

Business



Subscriber content preview

January 22, 2004

All Business: Rising energy prices may hurt the recovery

  • Prices skyrocketed last winter as the war began in Iraq, and they haven't declined yet.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- The troubled labor market might not be the only thorn in the economy's side. Surging energy prices could also do their part to throw the recovery off its course.

    In past recoveries, lower energy prices have helped boost the economy as it bounced from a prolonged slump. But we don't have that happening this go-around -- in fact, prices are unexpectedly high, due to the troubling mix of shrinking supplies, a cold winter and the weak dollar.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:


    
    Email or user name:
    Password:
     
    Forgot password? Click here.