Fears of double-dip recession remain

Respondents to our latest web poll are unsure if US economic recovery will stay on track.
Unemployed New Yorkers at a September 1 rally in favour of more work programmes
Unemployed New Yorkers at a September 1 rally in favour of more work programmes

America’s economy might have dodged the dreaded double-dip recession, according to our web poll last week. The result was hardly conclusive, though looking at the spread of votes, we might as well have asked our readers if they would describe their general outlook in life as optimistic, pessimistic or somewhere in between.

More than a third of respondents said there was only a slight chance of a double-dip recession, but more than half said that the chances were either 5050 or greater. The business media’s favourite talking heads cannot make up their minds, either. Nouriel Roubini, an economist who claims to have predicted the global financial crisis, remains in a gloomy mood and...

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