The Economy: Are We in for a Double Dip?

The recovery has only just begun, but some forecasters fear another recession may lurk around the corner

Sometimes the economy seems to fall prey to the quick hands of a magician. Now you see a recovery. Now you don't! Barely a month after economists proclaimed the end of the 1990-91 U.S. recession, some are beginning to wonder whether they will have to eat their words. Their doubts come on the heels of some disturbing evidence -- rising layoffs, a traumatized banking system and crippling debts -- that the economy may be in worse shape than anyone suspected. The pessimists believe the recovery could soon sputter out and turn into another recession, the second half of a so-called double...

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