MADISON â?? A top University of Wisconsin economist predicted today that the U.S. economy would slide into recession next year, led by the downturn in the housing market.
How severe that recession becomes remains to be seen, however, said Don Nichols, an emeritus professor of economics and former director of the LaFollete School of Public Affairs. He spoke as part of the universityâ??s semiannual economic forecast conference at the Fluno Center on the UW-Madison campus.