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Economist Has weak Outlook for state, U.S.

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UC of Berkley Professor Rosen said there is about a 20 percent chance that the myriad government stimulus efforts will upgrade the recession from "deep" to "moderate" by the second half of this year, but also a 10 percent likelihood the economy could slip into outright depression. That would mean an unemployment rate of 15 percent or more and another 20 percent drop in home prices.

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