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Real Estate & Property Law

: Housing Wire

Regulators Anticipate Prolonged Recession, Warn of Deflation in 2009

By DIANA GOLOBAY

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The year-old recession will continue “well into 2009″ before beginning a slow recovery in 2010, according to a budget and economic outlook published Wednesday by the Congressional Budget Office (CBO). Among other bleak forecasts was a marked contraction in 2009 with real gross domestic product declining 2.2 percent and gaining back only 1.5 percent in [...]

Full post as published by Housing Wire on January 07, 2009 (boomark / email).

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