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COPYRIGHT 2001 The Dallas Morning News
Byline: Angela Shah
Feb. 27--A pair of economic reports Monday added new fuel to the ongoing discussion whether the economy risks bleeding into recession.
First, the National Association for Business Economists downgraded its forecast for 2001, saying the risk of a recession has risen to 33 percent from 20 percent in November. Also, existing home sales fell 6.6 percent, its lowest level in a year.
"We are in a mild recession dominated at this stage by weakness in capital spending in high- and low-tech," said Richard Berner, president of the economists group. "This is a product of three things: [high] energy prices, squeeze on profit margins and less favorable financial conditions."
But some economists don't agree with such...
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