'07 Economy Expected To Log Worst Growth In Five Years

03/28/2008 02:45 am ET | Updated May 25, 2011
  • JEANNINE AVERSA AP Via Washington Post

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.