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09/15/07
Recession could hit strained economy
Filed under: General, Real Estate
Posted by: Lillian Wong @ 4:33 pm

WASHINGTON - The U.S. economy, strained by an ailing housing market and credit woes, could log its worst growth in five years, forecasters said Monday. The No. 1 risk, though, is that the economy will lose its footing altogether and fall into a recession. A forecast released Monday by the National Association for Business Economics puts the growth of gross domestic product at an anemic 2 percent for this year.  More…

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