Business Economists Warn Of Possible Double-Dip Recession

Business Economists Warn Of Possible Double-Dip Recession

The National Association of Business Economists on Monday presented a decidedly gloomy assessment of the US economy.br Based on its August survey, NABE says America remains in a deep downturn and is running a serious risk of a worsening recession lasting at least another year.br CNN reports about half of the organization's members expect that the US gross domestic product won't return to its pre-pandemic level until 2022.br CNN reports nearly 80 say there is a one-in-four chance of a double-dip recession. More than half say unemployment benefits should be extended.br As for the US federal government's massive, unprecedented stimulus program? 40 of NABE members say the government hasn't done enough.


User: Wochit

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Uploaded: 2020-08-24

Duration: 00:39

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