By Claudia ParsonsNEW YORK (Reuters) - Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.
U.S. consumer confidence and new-home construction plummeted in recent weeks in further signs of economic slowdown. U.S. stock indices ended down on Friday despite better than expected earnings in the technology sector.
Bush, who leaves office in January after a November 4 election, said on Friday intervention by governments in the United States and Europe in the past week needed time to work.
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