'07 Economy Expected To Log Worst Growth In Five Years

AP Via Washington Post   |  JEANNINE AVERSA   |   September 10, 2007 06:28 PM


stumbleupon :'07 Economy Expected To Log Worst Growth In Five Years   digg: '07 Economy Expected To Log Worst Growth In Five Years   reddit: '07 Economy Expected To Log Worst Growth In Five Years   del.icio.us: '07 Economy Expected To Log Worst Growth In Five Years

Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.

The No. 1 risk, though, is that the economy will lose its footing altogether and fall into a recession, forecasters say.

A forecast released Monday by the National Association for Business Economics puts the growth of gross domestic product at 2 percent for this year. The pace was 2.2 percent in the group's previous survey, in May.

Comments for this post are now closed

 
Comments
0
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
Comments are closed for this entry

 You must be logged in to comment. Log in  or connect with 

Connect