Could We Be in for a Double-Dip Recession?

Morris Segall      double-dip recession, employment, federal spending, Wall Street, Washington-Baltimore

Given the recent turmoil on Wall Street, the question on everyone’s mind is whether or not the nation will slip into a double-dip recession. And with cuts in federal spending looming, will the Washington-Baltimore region be pulled into the abyss too? In a recent Washington Post article, economist Morris Segall notes
that to date, businesses have deferred hiring. If the economy worsens, they may retrench even further and begin layoffs. With employment and consumer spending remaining weak, a double-dip recession remains a real possibility, according to Segall, unless economic data improves quickly. Read the entire Washington Post article at: http://www.washingtonpost.com/business/capitalbusiness/5-indicators-to-watch-in-the-regions-economy/2011/08/11/gIQA9SXWFJ_story.html