Weak reports revive fears about double-dip recession

07/2/2010 | USA Today

Some economists express heightened fears of a double-dip recession, and others may revise their growth forecasts for the third quarter. A number of disappointing reports have attributed to this fear, including climbing unemployment figures, which are likely to worsen under Congress' inability to pass an extension of jobless benefits, and a 30% decline in May home sales after the expiration of a federal homebuyers' tax credit.

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