Economists see chance of double-dip recession, survey shows

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There’s a 1-in-4 chance the economy could fall into a double-dip recession, according to a majority of economists surveyed by the National Association for Business Economics.

The survey was conducted from July 30 to Aug. 10, just as Congress struggled but failed to reach agreement on it latest stimulus package. Forty percent said the stimulus provided by Congress was insufficient. Another 37% say it was adequate, and 11% see it as excessive.

Sixty percent said Congress should extend supplemental unemployment insurance and the Paycheck Protection Program for small businesses, while 18% said the additional unemployment pay should not be extended.The economists are concerned about the increasing amount of U.S. debt, with 88% at least “somewhat” concerned by the fact that federal public debt is on track to surpass 100% of GDP, higher than any period since World War II. Twenty-two percent are very concerned and 34% are concerned.

Source: News Formal (newsformal.com)

 

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That means there is a 75% chance it won't. Thanks liberal fascists!

FYI American Thought Leaders ..in English

Like anyone believes your caca anymore. Go take a seat NBC.

Boy! Wouldn't that be just great! People would starve jobs would be lost and China would own the USA! HEY but Trump would be out! And then you MSM could 'REWARD CHINA' like Hillery said you would. PROMISES made PROMISES KEPT!!

Or a 75% chance it won’t.

This is a system that deserves to be destroyed

That 1in 4 is if The Democrats get elected

Especially if old sleepy Joe shuts the country down!!!!

keep trying NBC

THESE SO CALLED ECONOMIST R LIARS FOR HIRE WORKING FOR SLEEPY JOE N SLEEPY JOE'S FLIM CAREER HE PLAYED THE BANJO N DELIVERANCE

There's a 1 in 4 chance I'll give a shit.

Why you can disregard this story: “Fifty-five percent [of these economists] said a broad-based energy or carbon tax should be raised....”

All anti trumpers that have been wrong at every turn

If Biden wins...yes it will

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