The White House said Thursday the economy will remain gloomy through at least the end of the year, inching closer toward a recognition the United States is in a recession.
"We expect our GDP (gross domestic product) number next week not to be a good one and the next quarter to be tough as well," White House press secretary Dana Perino said.
Many analysts predict the economy could contract over the final three months of this year and in the first 90 days of 2009. That would meet the classic definition of a recession _ two consecutive quarters of economic contraction. Some financial analysts say the sagging economy already is in recession.
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