From NEW YORK TIMES:
Only months after most economists forecast that the recession could be viewed safely through the rearview mirror, the European fiscal crisis poses an unsettling new challenge for the United States economy.
Few economists predict the United States will pitch into another recession soon. But a still weakened American economy could be slowed by its wounded European allies and trading partners. Even the optimists are wondering aloud if the United States will encounter a slower and bumpier recovery than expected.
“Look, a double-dip recession is a genuine risk — I’d place it at 20 percent as opposed to 5 percent a few weeks ago,” said Robert J. Barbera, chief economist for ITG, who has been notably bullish on the United States economy…
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