Some experts have warned of the potential for a double-dip recession nation wide, while others are still pointing to signs of recovery. However, no one can argue that there are dozens of cities in serious danger of slipping back into a recession. CNN Money put together a list of 22 cities that are at risk, I have included a section of their article below.
A new report from Moody's Economy.com singled out 22 cities that are at risk of slipping back into a recession in as early as three months. To come to this conclusion, the economists considered dwindling progress in employment, housing starts, home prices and industrial production.
The at-risk cities are spread across the country, though more than half of the cities are in the South, and five are concentrated in the Midwest.
"With chances of a national double-dip recession now estimated at about one in four, several metro areas will probably experience their own downturns in the first half of 2011," said economist Andrew Gledhill, author of the report.
Private sector hiring has been tapering off in recent months compared to the start of the year, triggering Moody's to boost its forecast for a national double-dip from a 20% chance to 25% chance.
