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


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.