Economists See US Avoiding Recession

The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report. A recession could still happen though, if the credit crisis that has stifled the housing market deepens, preventing consumers from buying big-ticket items (Snip) The forecast anticipates job growth remaining sluggish in 2008, with the U.S. unemployment rate rising to
5.5 percent by the end of the year

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