(Reuters) - Economists surveyed in the closely watched Blue Chip
economic forecast downgraded their expectations for GDP growth
in 2007 on a year-over-year basis to 2.1 percent from their
forecast a month ago of 2.2 percent.
Slowed consumer spending, said the economists who were
surveyed last week, will be the main factor behind slower
growth, as well as continued troubles in the housing and
subprime mortgage markets.
Read more at Reuters.com Economic News
economic forecast downgraded their expectations for GDP growth
in 2007 on a year-over-year basis to 2.1 percent from their
forecast a month ago of 2.2 percent.
Slowed consumer spending, said the economists who were
surveyed last week, will be the main factor behind slower
growth, as well as continued troubles in the housing and
subprime mortgage markets.
Read more at Reuters.com Economic News
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