Industry News

Economist: Odds rise for economic recession

Oil prices may determine whether 'hard landing' lies ahead
Published on Nov 19, 2007

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by CareyBot

SAN FRANCISCO — There is a 45 percent chance that the U.S. economy will spiral toward recession in 2008, as real estate foreclosures and gasoline costs continue to escalate, economics professor Ken Rosen said in a presentation today. Rosen, chairman ...