The fear is that if credit continues to become harder for people and businesses to get, spending and investment will be crimped. That could hurt overall economic growth. In a worst-case scenario, the country could slide into a recession.
Credit is the economy's lifeblood. It lets people make big-ticket purchases such as homes and cars and can help businesses bankroll expansions and other things that can boost hiring.
Some economists put the odds of a recession this year at one in three.
read more | digg story
Tags:
No comments:
Post a Comment