Bush, Sarkozy To Meet As Signs Of Recession Mount

11/17/2008 05:12 am ET | Updated May 25, 2011

Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.

U.S. consumer confidence and new-home construction plummeted in recent weeks in further signs of economic slowdown. U.S. stock indices ended down on Friday despite better than expected earnings in the technology sector.

Read more on Reuters

Suggest a correction