First Quarter, Volume 5, Number 1

Federal Reserve Bank of Atlanta
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Lynne Anservitz
   Editorial Director

Lynn Foley
Nancy Pevey
   Managing Editors

Stephen Kay
   Contributing Editor

Jean Tate
Lee Underwood
   Staff Writers

Harriette D. Grissom
Francisco Parodi
Navnita Sarma
   Contributing Writers

Carole Starkey
Peter Hamilton


Bobbie H. McCrackin
   VP and Public Affairs

Thomas J. Cunningham
   VP and Associate
   Director of Research

Pierce Nelson
   AVP and Public
   Information Officer

John C. Robertson
   AVP, Research Department
   Regional Section

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The views expressed in EconSouth are not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.

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ISSN 0899-6571

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Volume 5, Number 1, First Quarter 2003
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   What’s Different
   About This Recovery

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   Funding for Farmers
   Is a Tough Row to Hoe

The Farm Security and Rural Investment Act of 2002 helps ensure the future of the Southeast’s agricultural industry, but the farm bill’s implications over the long run are uncertain. How is the 2002 bill different from the 1996 farm bill, and what impact will it have on farmers and on prices paid for the commodities they produce?

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   Now and Then: How Different
   Downturns Affect the Southeast
   Service Sector

The service sector has performed very differently in the recession that began in March 2001 than it did in the July 1990–March 1991 recession. Many service industries have performed poorly in the most recent downturn, demonstrating that the service sector may be less immune to negative economic shocks than is commonly assumed.
vertical line    Spanning the Western Hemisphere:
   Free Trade Area of the Americas
Thirty-four countries in North, Central and South America and the Caribbean would make up the Free Trade Area of the Americas (FTAA) if negotiations currently under way are successful in establishing this new trading bloc. While the FTAA would bring a number of benefits to its members, the economies involved differ greatly in development and structure, and finding consensus will be challenging.

   Research Notes & News
      Dollar Index

   The State of the States

   Southeastern Economic Indicators

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