Worsening News
'US recession to worsen, deflation a risk'
San
Francisco: The "nasty" US recession will tighten its grip next year as unemployment
rises and weak home and stock prices imperil consumers, finance firms and debt-laden
businesses, a UCLA Anderson Forecast report released on Thursday said.
Slideshow of the day: Hi-tech gadgets
Additionally, a sustained retreat in prices for goods and services is a very real possibility that would further
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