That could be a symbol of how quickly business and the economy in California might rebound from the state's latest disaster.

"Once the economy rebounds later this year, imports will pick up."

"The burden of proof is on those who think the economy will rebound," he said.

If the economy does not rebound, that could rise to 140 million people, or 66 percent of the population, next year.

Argentina's economy has rebounded by nearly 9 percent annually over the past three years.

From this perspective, the economy might rebound early in 1992.

But if the economy does not rebound, Sears and other retailers will be hurt.

If the economy rebounds later this year, so will productivity, analysts said.

The report was the latest indication that the economy is rebounding.

Even if the economy doesn't rebound, eventually you will see more production curtailments.