Business news for Wed, 19 Dec 2007 & with words brink+recession. 2 news.

WASHINGTON (MarketWatch) -- The U.S. economy is teetering on the brink of recession, with a contraction likely in the current quarter, says David Resler, the winner of MarketWatch's Forecaster of the Month award for November.

The world’s second-biggest economy may be teetering on the brink of what the Japanese call kansei fukyo , a “recession brought about by government policy error”, that has crushed activity in the construction sector and threatens to drive hundreds of small firms into bankruptcy.