Possible Double Dip Recession for USA
Published / Last Updated on 12/06/2010
Possible Double Dip Recession for USA
by Ashley Clark, Director
Following the release of worse than expected economic data, there are now rumblings that the US could be heading back into recession.
During the first quarter ending April, production output figures were revised lower, consumer spending did not improve and core goods orders declined.
Many industry commentators had predicted higher growth expectations for the US, although they were always over optimistic. The US is the same as any other nation and growth will take time. Policy makers are putting radical changes in place to reinforce the economy and other economic issues (such as Europe) also have a bearing on US growth.
Whilst growth may be slower than expected, we are some way off the US moving back into recession.
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