Greenspan: U.S. economy will fall into recession during the year.

<P> Economists predict the United States nearly half of the year will be in recession - </ P> <P> It http://finance. Hearing, with the weak job market, consumer confidence continued to decline, the U.S. economy almost stalled .a foregone conclusion. .Yesterday (February 25), former Federal Reserve Chairman Alan Greenspan made clear in an interview that the current U.S. economic growth has stopped. .Meanwhile, the U.S. Association for Business Economics (NABE) in the forecasting group, 45% of the economists expect the U.S. economy into recession during the year. .</ P> <P> Greenspan attended the investment conference in Saudi Arabia made the remarks when. .He said in an interview, the current U.S. economic growth has stopped, the economic growth rate is zero, the longer the time to stop the U.S. economy sliding into recession more likely. .The Fed last week released the latest annual economic outlook that, given the housing market continued to decline and the impact of bottlenecks in credit markets, the U.S. 2008 GDP growth forecast by 0.5 percentage points to 1.3%. .This after the U.S. government initiatives to increase GDP growth is expected in the opposite direction. .</ P> <P> hold the same idea with Greenspan and many economists. .The latest National Association of Industrial Economics survey, in addition to nearly half of the economists surveyed are pessimistic economic outlook for the U.S. attitude, "U.S. economic growth will slow sharply this year," is the consensus of all economists. .</ P> <P> the forecast team believes that the economic stimulus package the Bush administration and the Federal Reserve cut interest rates and other policies to promote the U.S. economy is expected to be a strong rebound by the end of June. .However, U.S. economic growth this year will slow to 1.8%, for the past 5 years to the lowest level. .However, many respondents felt that the government implemented fiscal stimulus would help boost economic growth accelerated in the second half of 2008. .</ P> <P> addition, the group also predicted the end of this year, the U.S. federal funds rate will continue to 2.5%; international oil prices reduced the demand for $ 84 per barrel. .U.S. annual unemployment rate rose to 4.6% from last year's 5.2%. .In other words, the U.S. gross domestic product in two or more consecutive quarters of negative growth, that is, a recession. .</ P> <P> despite the economic slowdown, the respondents were still increased its inflation estimate. .They expected the end of 2008 consumer prices rose 2.5% year over year, excluding food and energy prices, consumer price index will rise by 2% over the same period. .</ P> <P> investment bank was also not optimistic about the U.S. economy. .UBS latest research report that the U.S. economy is not about to enter recession, but had come. .UBS analysts estimate that since the end of 2007 to 2008, the U.S. gross domestic product (GDP) will fall 0.60%. .Last month the U.S. government has said economic growth in the fourth quarter of 2007, an annualized rate of 0.4%, 2.2% annual expansion rate for 5 years, the slowest rate of increase </ P>.