Getting your Trinity Audio player ready...
The chances of the economy slipping into another recession have risen significantly, and forecasts for economic growth and job gains over the next year have been substantially downsized, according to USA TODAY’s quarterly survey of top economists.
The 39 economists polled Aug. 3-11 put the chance of another downturn at 30 percent — twice as high as three months ago, according to their median estimates. That means another shock to the fragile economy — such as more stock market declines or a worsening of the European debt crisis — could push the nation over the edge.