There’s a 1-in-4 chance the economy could fall into a double-dip recession, according to a majority of economists surveyed by the National Association for Business Economics.
Two-thirds of NABE members say the economy has not yet come out of the recession that started in February. Eighty percent see a 25% chance of a second dip, once the economy recovers.
The 235 NABE members in the semiannual survey gave good marks to the Fed’s stimulus efforts but they were split on whether Congress has done an adequate job responding to the recession.
Three-quarters believe the Fed’s current monetary response is appropriate, the highest percent approving of current monetary policy since 2007. Nearly…