http://economictimes.indiatimes.com/news/international-business/chance-of-us-recession-rise-to-1-in-4-reuters-poll/articleshow/9543001.cmsWASHINGTON: The United States faces one-in-four odds of slipping back into recession, and a weaker economic outlook is raising the likelihood the Federal Reserve will soon do more to boost growth, a Reuters poll shows.
The world's biggest economy is still expected to pick up in the second half of the year as it shakes off high gasoline prices and factory disruptions created by Japan's earthquake in March, according to the monthly survey of more than 70 economists.
But recession fears have risen substantially in recent weeks. Stocks on the S&P 500 plunged more than 6 per cent on Monday after Standard & Poor's downgraded US sovereign debt late on Friday, further threatening consumer confidence.
Just two weeks ago, economists saw the chances of another recession at one-in-five. Now they see it at one-in-four. The poll, taken as world stock markets staged their biggest fall since the dark days of the financial crisis in 2008, showed lower growth expectations for the rest of this year.
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