Financial Service Company CEOs Say Recession is Coming

Washington, D.C.–Top financial executives feel that the U.S. economy will definitely see a recession this year–followed by a slow recovery, the Toronto Star reported Friday.In a survey conducted by the Financial Services Forum, members said they felt there was an 88 percent chance of a U.S. decline this year.Respondents also estimated first quarter growth would occur at a scant 0.13 percent annual pace. The official government report on the first quarter is due on April 30.