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Friday, June 11, 2010

US economy faces "double-dip" recession

Economists in the United States, are worried that their country's maybe facing a double-dip recession. A disappointing employment situation and a lack of consumer confidence is adding to concerns that the economy doesn't have enough momentum to fully recover. This story, comes courtesy of Reuters. By many measures, the US economy seems to be in recovery mode. But there is no guarantee it will stay there. And that's the subject of a growing debate that has even Fed Chairman Ben Bernanke weighing in. Economist Maria Fiorini Ramirez, CEO of MFR Inc., said, "I think that we will avoid a double dip recession however I also do think that we are going to take a long time to come out of this recession and growth is going to be very slow, it's going to be ups and downs." http://www.theurltool.com/?8156

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Martin Crawford

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