More than half the members of the National Association for Business Economics predict a recession will strike in 1999, partly triggered by an increase in interest rates by the Federal Reserve.

The economics group, which is holding its annual convention here this week, also predicted that growth in corporate profits would slow from 6.6% this year to 4.6% in 1998.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.