Soros says US recession is likely
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Billionaire investor George Soros tells the BBC that it will be very difficult to avoid recessions in the UK and US.
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The US housing and mortgage downturn is now so acute that a fall in home prices is likely, a key lender warns.
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The slowing U.S. economy is unlikely  to sink into an election-year recession and an economic rebound  could begin as early as next year as housing and financial  market turmoil fades, the Congressional Budget Office forecast  on Wednesday.
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The world will be living with volatile oil prices for years to come, but this yearâs price spike should not be serious enough to push the US into a recession, US Federal Reserve Chairman Alan Greenspan said yesterday.
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Former Federal Reserve Chairman Alan  Greenspan said the probability of a U.S. recession was now  slightly more than a third, after he earlier in the year put  the chances at one-third, The Wall Street Journal reported in  its online edition on Monday.
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Goldman Sachs predicts a US recession in 2008 and says US interest rates will drop to 2.5%.
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A combination of  Alan Greenspan comments, state and local IT spending projections and IT CEO expectations raised questions as to how long and how serious the next recession may be.
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The start of 2008 has brought a harsh reality to Wall Street: The U.S. may indeed be headed toward recession.
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Problems in the U.S. subprime  mortgage market are unlikely to push the U.S. economy into a  recession over the next 12 months, the top economist for a  leading U.S. business group said on Tuesday.
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The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress on Thursday.
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Former Federal Reserve chairman Alan Greenspan was quoted as seeing a "one-third probability" of recession in the United States this year, according to an interview with Bloomberg.
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The outlook for the US economy in the coming quarters is favourable despite a continued fall in personal savings, US Federal Reserve Chairman Alan Greenspan was quoted as saying on Saturday.
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The US economy will slow in the second half of the year and the risk of recession remains, the OECD warns.
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MYRTLE BEACH, South Carolina  - Republican White House hopefuls differ over whether the United States is headed for a recession but agree the economy faces serious risks -- from housing market turmoil to record-high oil prices.
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The Motley Fool - We're heading into a recession. You've heard about it for months, even years, what with the housing bubble, the war in Iraq, overextended consumer credit -- you name it. A recent Merrill Lynch (NYSE: MER - News) report says that the U.S. economy will grow by only 1.9% next year, down from 3.4% this year, and slower than the global growth rate of 5.2%. Even slowpoke Europe should pass us at 2.1%, though the U.S. is ahead of the average European GDP growth rate of 2.7%.
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The U.S. economy this month has fallen into a recession, which should last for the next four to five months, Bill Gross, chief investment officer of the world's largest bond fund manager, told the Financial Times.
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Wall Street stocks retreated again on Wednesday after Goldman Sachs (NYSE:GS) forecast that the US economy would fall into a recession this year, compounding investor concerns about the near-term outlook for equities.