By  on January 15, 2008

GENEVA — A deepening of the U.S. housing and mortgage crisis and a hard landing of the dollar could spark a recession this year and seriously impact the projected slowdown in world output and trade growth, according to two new economic reports.

"A recession in the United States cannot be excluded in the year ahead, and economists are divided whether domestic-led growth in Asian markets can drive the global economy," said a report by the World Economic Forum.

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