Bush To Deliver Report On Economy

WHITE HOUSE (AP) — President Bush Monday delivers his annual report on the state of the U.S. economy.

Last year, the president’s team declared the economy headed toward a period of steady growth. But by year’s end that growth had almost completely stalled amid the housing crunch and soaring energy prices.

Bush told a conservative group on Friday that the country’s in a period of economic “uncertainty.”

The administration maintains that the economy is fundamentally strong and it doesn’t forecast a recession. However, many private economists do and say the only questions are how deep it will be and how long it will last.