Global economic problems indicate possibility of double-dip recession

09/23/2011 | Wall Street Journal, The

Low consumer confidence, falling manufacturing activity in China and Europe, and a U.S. economy that is growing too slowly have many economists worried about a double-dip recession. Forecasters polled by The Wall Street Journal gave the U.S. a 1-in-3 chance of slipping into recession next year. The International Monetary Fund predicts the U.S. economy will grow only half as much as necessary this year to keep up with a growing workforce.

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Wall Street Journal, The

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