Latin America lender wary of U.S. recession

Source: http://money.cnn.com/2007/03/19/news/international/bc.usa.recession.iadb.reut/index.htm?postversion=2007031906

The article hints at the possibility of a U.S recession, even though it is extremely unlikely. Currently, the housing market in the United States is having a slump, thus directly impacting consumer spendings, leading to a possible recession. U.S Federal Reserve Chariman Alan Greenspan hinted at the possibility of a recession towards the end of 2007. Others remain optimistic that economic growth will continue in the United States. A National Association for Business Economics survey showed that the economic growth for this year was estimated at 2.7%, the lowest value since 2002, the year following the September 11th attack. The IADB claimed that fiscal positions in many countries are expeceted to weaken; however, economic stability won't be jeopardized.