Friday, August 19, 2011
Second Recession, If It Hits, Could Hit Hard
VOAVideo: Second 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. VOA's Laurel Bowman met a real estate agent who suffered through the first economic downturn and ponders how he would do it again.