Poll: Recession fears mount
March 19th, 2008, 3:22 pm · Post a Comment · posted by David Woodfill
Three in four of you reading this believe the United States is in a recession.
That’s according to a poll by Reuters News Service and New York-based, Zogby International.
Most economists define a recession as being two consecutive quarters – or six months – of decline in the nation’s gross domestic product, which is the total amount of goods and services produced.
The Reuters/Zogby Index – which measures consumer confidence in the economy – fell to a record low last month. Survey officials said the amount of people who believe the nation is in a recession grew from 54 percent last month to 74 percent today.