News Journal

Market experts predict economic pressures but no recession

The increasing oil price in the market, low in housing market and increasing unemployment may result in increasing market pressures but the trend will not lead to recession and this was predicted by the market experts.

The prediction about the economy was made by UCLA forecasters. The predictions said that the economic pressures will increase though the improvement will also come in comparison to last year. The economic situation had made house owners to sell their houses at a loss not only because of unemployment but also because of increased prices of the houses.