‘Not Out of the Woods Yet’: US Economy Forecast as Sliding Towards ‘Double Dip’ Recession

‘Not Out of the Woods Yet’: US Economy Forecast as Sliding Towards ‘Double Dip’ Recession

The continuing surge of coronavirus cases across the US along with the inevitable restrictions that are employed to stave off the spread of the pandemic are forecast to weigh heavily on economic recovery.

The US economy is predicted as heading towards a potential contraction in economic growth early next year, marking the first “double dip” recession in the country’s history since the early 1980s, writes CBS.