JLC ???DECEMBER 1990 The New England economy will stink for at least another year. So say not only regional economists, but the consumers on whose confidence any recovery largely depends. The most disturbing aspect of this pessimism is its pervasiveness. As late as July 1990, economists disagreed on when the regional recession would end. Some said 1992, but many predicted relief as early as spring or summer of 1991. Now, however, virtually no New England economist sees a turnaround before the spring of 1992. Two main factors prompted this change: the rise in oil prices caused by the Iraqi-Kuwait crisis; and national economic indicators that are weaker than previously anticipated. Added to these factors (and partly a result of them) is a recordlow lack of
