At least 22 U.S. cities are at risk of slipping back into recession, Moody’s Economy.com said in a report Tuesday.
"With chances of a national double-dip recession now estimated at about one in four, several metro areas will probably experience their own downturns in the first half of 2011," said economist Andrew Gledhill, who wrote the report.
Gledhill identified these 22 markets as having the biggest chance of a double-dip recession, mostly because they have industrial economies that are affected by the national decline in manufacturing:
1. Missoula, Mont.
2. Salem, Ore.
3. Idaho Falls, Idaho
4. Lake County-Kenosha County, Ill.-Wisc.
5. Lafayette, Ind.
6. Wichita, Kan.
7. Hot Springs, Ark.
8. Pine Bluff, Ark.
9. Little Rock, Ark.
10. Wichita Falls, Texas
11. Akron, Ohio
12. Charleston, W.Va.
13. Macon, Ga.
14. Gadsden, Ala.
15. Gulfport-Biloxi, Miss.
16. Mobile, Ala.
17. Utica-Rome, N.Y.
18. Lebanon, Pa.
19. Springfield, Ohio
20. Wilmington, N.C.
21. Anderson, S.C.
22. Athens-Clark County Ga.
Source: CNNMoney.com, Hibah Yousuf (08/17/2010)
Colorado Landmark, Realtors - Boulder, CO
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I hope it isn't so......So many families have already been put to the test. We need to get the economy going again. The question is just, "How?"
Aug 23, 2010 12:58 AM
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
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Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA
The sad thing I do not believe any of these posts. I think it is much worse than they are letting on. Where are the promised real jobs?
Aug 23, 2010 03:16 AM
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