CNBC Poll: Recession for Euro Zone and US?

Though it is still unclear what European leaders are prepared to do to arrest the sovereign debt crisis, there's growing conviction that even the best remedy won't be enough to prevent a recession in the euro zone.

The four-year-old crisis has induced a regional austerity drive, depressing spending by both business and consumers. In some nations, government spending — on anything other than bailout efforts — has also been been reduced.

The resulting slowdown has being aggravated by enduring uncertainty as the crisis lurches from one flash point to another.

Some say that's enough to finish off a tepid recoveryfrom the deep 2008-2009 slump; the OECD has concluded that recession has already arrived.And that's heightened debate over whether the malaise will spread to the U.S., which faces its own debt problem.

What do you think? Is recession on the horizon again?

Vote to see results
Total Votes:

Not a Scientific Survey. Results may not total 100% due to rounding.

Latest Special Reports

  • CNBC presents a special report on how architecture, innovation and infrastructure are providing solutions to urban problems.

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

  • The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.