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July 23, 2014

Contrarian's case for recession in 2015

  • David Levy, who oversees the Levy Forecast economic newsletter, says the United States is likely to fall into a recession next year triggered by downturns in other countries.
    • By BERNARD CONDON
    AP Business Writer

    NEW YORK — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

    Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, “When the U.S. sneezes, the rest of the world catches a cold,” may need to be flipped.


     
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