Double-dip Recession Rears it's Ugly Head.

Discussion in 'Economy' started by Missourian, Dec 3, 2009.

  1. Missourian
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    CHICAGO (Reuters) - Business conditions in nine U.S. Midwest and South-Central states deteriorated in November, opening up the possibility of a double-dip recession for the region, according to survey results released on Tuesday.


    Economy
    Creighton University's Business Conditions Index dropped to 47.5 in November -- the lowest level since May -- from 51.8 in October. A reading of 50 is considered growth neutral, with readings above that indicating expansion over the next three to six months.


    "This month's plunge below growth neutral raises the possibility of a double-dip recession for the region," said Creighton University Economics Professor Ernie Goss in a statement.

     

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