Fannie Mae Thinks We Can Avoid a Double Dip Recession

While the recent surge in Coronavirus cases is worrisome—and consumer behaviors and governmental policies happening in response to the nationwide increases could impact economic growth—they are unlikely to prompt a double dip recession, as some economists feared, stated Fannie Mae in a new report.

“The continued geographic shift and now resurgence of COVID-19 has raised risks to the pace of growth, though in our view not to the level of a potential second recessionary downturn,” said Doug Duncan, Fannie Mae senior vice president and chief economist.