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Economists see a chance of a double-dip recession, survey shows
Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM
KEY POINTS
- Eighty percent of economists surveyed by NABE said they see a 1-in-4 chance of a double-dip recession.
- The survey, by the National Association of Business Economists, also gave Congress a mixed review when considering its fiscal stimulus effort, but the Fed got the best grade since 2007 for its monetary policy response.
- The economists are concerned about the increasing amount of U.S. debt, with 88% at least “somewhat” concerned and 22% are very concerned.
WATCH NOWVIDEO03:10Concern grows over potential for double-dip recession
There’s a 1-in-4 chance the economy could fall into a double-dip recession, according to a majority of economists surveyed by the National Association for Business Economics.
Two-thirds of NABE members say the economy has not yet come out of the recession that started in February. Eighty percent see a 25% chance of a second dip, once the economy recovers.
The 235 NABE members in the semiannual survey gave good marks to the Fed’s stimulus efforts but they were split on whether Congress has done an adequate job responding to the recession…….more here
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