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Troubled times ahead, economist warns: Says housing decline will restrain growth.
Byline: David Robinson
Oct. 31--Economist Ken Mayland is confident the housing slump won't push the economy into a recession, but it could keep growth at modest levels over the next two years.
"I don't think we'll see a recession," said Mayland, the president of Ohio economics forecasting firm ClearView Economics, during a presentation Tuesday to KeyBank clients in Buffalo.
But that doesn't mean the continuing slump in housing won't keep sending ripples through the economy, ranging from a further drop in home prices to a tightening of credit standards that will make it harder for all types of businesses and consumers to get loans.
"We may …
