March 14 (Bloomberg) – Harvard University economist Martin Feldstein, a member of the group that dates business cycles in the U.S., said the nation has entered a recession that could be the worst since World War II.
I believe the U.S. economy is now in recession,'' Feldstein, president of the National Bureau of Economic Research, told the Futures Industry Association conference in Boca Raton, Florida. Could this become the worst recession we have seen in the postwar period? I think the answer is yes. I would emphasize the word `could