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Recession Looms for the U.S. Economy in 2007

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Publication Date:

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Economics (Economic conditions)

Keywords: Home ownership; Consumption spending; Mortgage index

Type: Report

Coverage: United States

Abstract:

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.