Rising confidence, profits lower risk of second recession

06/10/2010 | CNNMoney

Improved consumer confidence, rising corporate profits and a $1 trillion European debt-relief package are working to convince economic analysts that the danger of a "double-dip recession" -- a short recovery followed by another crash -- is less immediate than previously thought. Some analysts put the likelihood of a double-dip recession at 20%, compared with 50% a few months ago. Others are less optimistic.

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