The U.S. economy continues to show signs of lukewarm recovery even though durable orders are up for two consecutive months in August and initial unemployment claims are down below 400,000. While many sectors of the economy are beginning to show true signs of recovery, full steam is not expected until the next spring. The Congressional Budget Office estimates this year�s real gross domestic product will end with a growth rate of 2.5%. A more respectable growth (3.5%) is not expected until the next year. Many experts, including the ICAO, expect the airline passenger traffic to rebound in 2004.

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