Politics & Government

January 2, 2009 5:52 PM

Economic woes expected to worsen early this year

The economy will get worse before it gets better this year as housing prices continue to fall, unemployment rates rise and the gross domestic product contracts. For the average U.S. household wondering how to survive the turmoil, an economic choir sang in unison: Don't take on debt, don't make risky stock investments and play it safe — at least until next year.

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