The bad news? He then goes on to say that there is a 15-20% chance that the economy will fall into a 'double dip' or second recession.
At first, it seems that 15-20 percent is a low number. But considering that the average chance of this happening is 5 percent or lower after a recession, you will see that this is an increase of 300-400% chance.
Is this more doomsday predicting, or a built-in excuse if the economy recovery is NOT 'just around the corner?' Read the full article at the San Antonio Business Journal to decide.