Another recession in America?

Economic uncertainty abounds in our southern neighbour



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Although America has been slowly recovering from the deepest depths of the recession that technically lasted until June 2009, there has been less than expected growth in the first half of 2011.

“This economy is really balanced on the edge,” Harvard University economics professor Martin Feldstein, a member of the Business Cycle Dating Committee of the National Bureau of Economic Research, said yesterday in an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “There’s now a 50% chance that we could slide into a new recession. Nothing has given us much growth.”

Slow consumer spending, a slow housing market, high unemployment and a slow-down in government spending are all factors that contributed to five out of nine economists on an academic panel having low confidence in the economy.

One comment on “Another recession in America?

  1. It's not so much the American economy but the combination of the US mayhem and European economies that seem to be falling like a house of cards that makes another recession all but inevitable. Even hitherto powerhouses like China and Brazil are showing signs of weakness.


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