InBusiness

Gary Schaefer, commercial banking group leader

Fears of a recession have resurfaced as yet another summer slowdown has people wondering if the economy has enough velocity to remain above sea level. Sluggish quarterly economic growth, declining consumer confidence, and a one-month dip in manufacturing output, the first one in three years, have all combined to fray economic nerves, and few people expect good news out of Friday’s national jobs report.

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