Fears of Long Recession Rising

There is little debate about whether the U.S. economy is in a recession. The question is how painful and long the downturn will be.

There is a growing fear among some economists that the recession will be particularly bad.

"We just can't believe it's going to be short. The question is how bad can it get? The situation is moving more towards severe than towards mild," said Allen Sinai, chief global economist for Decision Economics.

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This article addresses the concern of the United States's economy and being in a recession. The article states that there is little argument that the US is actually in a recession, but the concern arises when the thought of how long we will be in this recession is mentioned. The article delineates all of the various influences of the recession and the things that have contributed to the downward spiral of the United States's economy.

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