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Will There be a "Double Dip" Recession?

By July 6, 2009

First, the good news-- the U.S. Chamber of Commerce’s chief economist said that an end to the current recession is "just around the corner."

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.

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