SAN FRANCISCO: The US economy will grow 4.3% this year as business spending improves and payrolls expand, but a recession could be around the corner if rising interest rates hammer the housing market, according to a widely watched forecast.
The latest outlook released yesterday by the UCLA Anderson Forecast for gross domestic product (GDP) growth this year was slightly better than its projected 4.1% in March, but the strong pace masked concerns about factors driving growth, said economist Edward Leamer.