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Robert Siegel talks with economists on 'All Things Considered'

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White House Revises Economic Forecast Downward

Economy

White House Revises Economic Forecast Downward

Robert Siegel talks with economists on 'All Things Considered'

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  • <iframe src="https://www.npr.org/player/embed/16747701/16747686" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The White House revised its rosy economic forecast downward Thursday, citing a more significant housing slump than was previously predicted. But the Bush administration still says there will be growth in the economy in 2008. Are predictions of a recession overblown?

Several economists, including Lawrence Summers, Treasury secretary during the Clinton administration, weigh in.

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