U-shaped, or double dip – what will the recovery look like?
South Central PA economists weigh in on how the economic recovery is likely to proceed. Today’s headline of much lower unemployment is on track for an employment bottom and subsequent recovery in early 2010. Below find and excerpt and link to the full article.
Dye, vice president and senior economist for The PNC Financial Services Group, said the recovery likely would be a gradual “U-shaped recovery,” rather than a sharper “V-shaped” one. Basu, however, noted about one-third of economists are predicting a “double dip,” a second downturn.