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Economy and Housing Continue to Tread Water According to Fannie Mae’s Economics & Mortgage...
                    WASHINGTON, DC - September 19, 2011 - (RealEstateRama) -- The economy appears to be on a cusp, flirting with  another economic downturn after more than two years of tepid recovery  from the most severe recession in the post World War II era. According  to Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis  Group, the recovery's fragility makes it vulnerable to any additional  shocks that might cause the economy to slip back into a recession.  Possible shocks include a deepening of the financial turmoil in Europe; a  dramatic slowdown in emerging economies, especially China; and renewed  unrest in the Middle East that could send oil prices surging again. The  forecast calls for continued sluggish growth at below 2 percent  throughout 2012 — not enough to bring down the unemployment rate, which  the Group expects to remain above 9 percent through most of next year.                 
            












