WSJ on comments by Chamber of Commerce Economist: Double-Dip Recession Possible
WSJ:
An expected rebound in the U.S. economy this year could be choked off by rising interest rates and inflation, sending the nation into a double-dip recession in mid to late 2010, U.S. Chamber of Commerce Chief Economist Martin Regalia warned Thursday.
“I don’t see a double dip occurring within the next year,” Regalia said at a press briefing. Instead, he predicts that thanks to extensive fiscal and monetary stimulus, a U.S. economic recovery is “literally just around the corner.”
Growth won’t be strong, though, and Regalia figures there is a one in five chance that a recovery could be snuffed out by mid-2010 if the Federal Reserve doesn’t begin retracting the flood of cash it has injected into the economy.
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Tags: U.S. Chamber of Commerce Chief Economist Martin Regalia
