Economists: Recession a Certainty Now


The lat­est eco­nom­ic data from August and Sep­tem­ber make a dec­la­ra­tion of reces­sion near­ly cer­tain, and that’s even before the lat­est cred­it crunch. Glob­al Insight econ­o­mist Nigel Gault pre­dicts a reces­sion last­ing from Decem­ber 2007 to April 2009; and the down­turn threat­ens to wors­en if the cred­it cri­sis con­tin­ues.