RECESSION FEARS STILL LINGER

摘要

As far as the economy goes, the new year may not offer much to celebrate-at least for a while. The fallout from the subprime debacle is still hitting the financial markets, and the investment climate for 2008 remains touch-and-go. That's because of the uncertainty surrounding the two biggest risks in the outlook: a credit crunch that would put a broad squeeze on spending by both businesses and consumers and a continued sharp decline in home prices that would pinch households even further.