It’s starting to look like the much-dreaded double dip recession may just be around the corner. Economists that have been surveyed by CNNMoney have raised the odds of a recession from 25 % to 33%.
Mark Zandi, chief economist at Moody's Analytics, says that "going back into recession now would be scary, because we don't have the resources or the will to respond, and our initial starting point is such a point of weakness." He further said “It won't feel like a new recession. It would likely feel like a depression."
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http://money.cnn.com/2011/08/10/news/economy/double_dip_recession_economy/index.htm?iid=Popular
