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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

rental market

Recession 50/50: Fannie Mae

Posted by RJ and Makay on Aug 22, 2011

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Fannie Mae has issued analyses this week that reports a 50% chance of a double dip recession. The firm’s Economics and Mortgage Market Analysis Group predicts that total 2011 U.S. economic growth will come in around 1.4%, down from 3.1% in 2010. Looking further ahead, the company sees 2012 economic growth at only 2%, well off its original 2012 forecast of 3.1% made last month.