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Monday, August 15, 2011

Economists: Second US Recession, If It Hits, Could Hit Hard

Economists: Second US Recession, If It Hits, Could Hit Hard

Some economists are worried that the United States is poised for another recession.  They warn that a so-called "double-dip," if it comes, could be more painful for average Americans than the 2007-2008 recession.  Jobs, incomes, output and industrial production are all weaker now than they were then.  One sector that has been hit especially hard is housing.

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