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-------------------- Report from UCLA team skirts the R-word --------------------

First-quarter growth fell. Forecasters say it's not a recession, but 'it is certainly close.'

By Annette Haddad Times Staff Writer

June 19 2007

The sluggish housing market is starting to drag down the rest of the economy, leading UCLA forecasters to conclude that although the U.S. is not actually in a recession, "it is certainly close."

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