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Forecast: Recovery a long, hard slog

UCLA economists say homebuyer incentives needed
Published on Sep 16, 2009

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by CareyBot

The recession may be over, but consumer and business debt -- coupled with rising foreclosures and unemployment -- will make for a slow recovery, economists with the UCLA Anderson Forecast said in a report released today.

"Although the worst recession in seven decades likely ended in the current quarter, its negative effects will linger well into the next decade," said David Shulman, senior economist for the forecast, in one of several essays accompanying the report's statistical forecasts.

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