31.   The report appears to suggest that the recent rebound in the economy is no guarantee of avoiding a recession.

32.   The stock market has seen the Federal Reserve cut rates, and it thinks that a recession will be avoided.

33.   The U.S. economy continues to flirt with but narrowly avoid a recession, thanks to surprising strength in consumer spending.

34.   The U.S. economy will grow at a sluggish pace and avoid recession over the next six months, the National Association of Business Economists said today.

35.   The U.S. economy has avoided a recession.

36.   Thus, even if the domestic economy avoids recession, no one expects a layoff-free climate.

37.   We will avoid a recession.

38.   What matters most to them is to avoid a recession, but they say they are not certain the tax cut will do that.

39.   Parry also said the nation can avoid a recession despite diving stock values, job cuts and a slowing economy.

40.   Analysts also said before the report that smaller increases in the inventory buildup are a healthy sign the economy likely will avoid a recession despite dramatically slower activity.