The U.S. economy should avoid a recession, but just barely, with growth averaging 0.75% in the first half of the year, according to a survey by the National Association for Business Economics, released yesterday.

“U.S. economic growth is expected to slow to a crawl in the first half of 2008,” said Ellen Hughes-Cromwick, NABE president and chief economist at Ford Motor Co. “While a slight majority of our panel of forecasters expects the economy to avoid a recession in 2008, growth is expected to average just 3/4% before accelerating in the second half in response to fiscal and monetary stimulus.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.