Economy - Voice of America: Analysts: Foreclosure Mess Hurts US, Global Economy

Economy - Voice of America economy-and-business

Analysts: Foreclosure Mess Hurts US, Global Economy Jul 6th 2012, 23:59 WASHINGTON — The U.S. housing sector usually leads the rest of the economy out of recession.  But that is happening much more slowly than usual in the wake of the latest downturn.  That is because the housing industry is burdened by a huge number of bad loans that have caused a financial, bureaucratic, and economic mess. Problems in the U.S. housing sector are slowing the economic recovery in the world's largest economy, and elsewhere. Deborah Harris faces possible eviction from ... Media files: D3D22F27-AE27-4033-B6FB-3DED8C9A547A_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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