New York (May 21, 2003) -- Despite reports of doom and gloom, the economy has been expanding since the fourth quarter of 2001 and a trinity of factors are in place that may provide the catalyst for economic growth, both nationally and locally in the hard hit New York metro area, a leading economist told CPAs, broker/dealers, and other finance executives gathered here.

In remarks Tuesday at the Foundation for Accounting Education’s Broker/Dealer Conference, Marc Goloven, senior regional economist at JPMorgan, refuted the notion that the economy is mired in a lengthy recession, saying that incomes are growing, productivity is improving, and interest rates are low.

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