Fears of a US recession have grown throughout September, as a rallying fourth quarter is now unlikely
By Rich Miller, Bloomberg columnist The US economy has slowed more dramatically than most economists expected just a few weeks ago, leaving it more vulnerable to a recession. Forecasters at Goldman Sachs Group and New York-based AllianceBernstein Holding have cut their growth estimates for the just-ended third quarter to an annual rate of 2% or less. They do not foresee much, if any, improvement in the fourth quarter: auto-production cuts and slumping home sales are likely to overwhelm any boost the economy gets from lower gasoline prices, they said. "We are decelerating fairly signific...
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