No double-dip recession in sight — yet

It’s amaz­ing what a dif­fer­ence a few weeks makes. Just a lit­tle more than a month ago, the nation’s econ­o­mists seemed to have turned decid­edly pes­simist, with a few indi­cat­ing the U.S. econ­omy had already entered a double-dip reces­sion. Even those who were not quite so bleak in their assess­ment were throt­tling back on their GDP fore­casts for the sec­ond half of this year, with many sug­gest­ing eco­nomic growth in the 1 to 2 per­cent range.