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Freddie Mac Sees Double Dip as Unlikely

Jul 19, 2011By

According to their July 2011 Economic Outlook, Freddie Mac economists are suggesting that the economy has hit a temporary "soft patch" rather than falling into a double dip recession. The report indicates that the major issues currently weighing down the economy are likely temporary phenomenon that will begin to wain.  The sluggish job market has been impacted by high energy costs, supply disruptions from national disasters and lack of confidence from consumers and business owners.  Additional support is expected to come as the second round of Quantitative Easing by Federal Reserve beings to show in the markets fueling investment.