Double Dip Recession?

by Lynn Parramore on April 2, 2009 in Money,News

double dip 150We were just getting our minds around the first one. But sure enough, a research group has crunched the data and predicts that we could be in for another recession next year. The maddening logic: If the stimulus plan works, then we may experience a “too-rapid recovery” which will then lead to another slump in 2010. This scenario is known fondly as the Double Dip (recession followed by brief recovery followed by recession). Federal Reserve Bank of Minneapolis President Gary Stern has even made mention of a “triple dip” in an interview with the Wall Street Journal. Hopefully this is a worst-case scenario, but we’re fastening our seatbelts anyway.

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