Analysis: High borrowing costs aren't helping economy recover

05/14/2009 | Bloomberg

Borrowing costs, at their highest level since the 1980s, are slowing the economic recovery, according to this article. Companies cannot borrow to expand, and the increasing rates are said to reflect risk aversion in markets. "That's almost guaranteed to delay an economic recovery and perhaps very much risks intensifying the current economic slump," said John Lonski, chief economist at Moody's Capital Markets.

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