Recession Looms for the U.S. Economy in 2007
Publication Date:
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker
Research Area: Economics
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.
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