6.10.08

More severe recession now forecast by Goldman Sachs

The U.S. recession will be "significantly deeper" than they previously thought, Goldman Sachs economists predicted Friday in a research note. ...
The unemployment rate will likely rise to 8% by the end of next year from 6.1% currently.
http://www.marketwatch.com/news/story/more-severe-recession-now-forecast/story.aspx?guid=%7B0E8D9604%2D3C9A%2D4994%2D911D%2DF9C6AE3C9FCF%7D

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