BUSINESS

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.

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