Recession Looms for the U.S. Economy in 2007
Publisher(s): Center for Economic and Policy Research
Author(s): Dean Baker
Keywords: Home ownership; Consumption spending; Mortgage index
Coverage: United States
This paper forecasts that weakness in the housing market is likely to push the economy into a recession in 2007. Economist Dean Baker provides predictions for GDP, job and wage growth; inflation (CPI); investment; exports and imports; and more.