According to a recent Bloomberg article, financial analysts believe that the year end of 2008 has more trouble in store for the US economy.

The world’s largest economy will slow to a 0.5 percent annualized growth rate from October to December, down from a 1 percent estimate last month, according to the median forecast of 63 economists surveyed from June 30 to July 9. Analysts anticipate consumer spending will rise 0.2 percent next quarter, the smallest gain since 1991.

In the currency market, the dollar sagged a bit against the euro. Late Friday, the euro was trading at $1.5549 vs. $1.5501 on Thursday.

Mirroring the stagflation of the early 1980s, consumer sentiment hit its lowest level since that time period this month as short-term inflation continues to ramp up.