Is the market headed for a double-dip recession? Diane Swonk, chief economist and senior managing director at Mesirow Financial, shared her market outlook.
“Although I think we’ll avoid a double-dip, we’re in a very anemic recovery—and it’s uneven,” Swonk told CNBC.
Swonk said the chance of a double-dip remains in the 10 to 20 percent range.
“We have strong manufacturing, and maybe even see employment improve in the month of February—that was in the ADP numbers earlier today,” she explained.
However, Swonk said she is pessimistic about the “horrendous” housing market.
“They have to do some major effort to regain ground lost at the beginning of the year as we come into 2010 to say they’ve had a recovery year,” she said.
- Watch Swonk's Previous Appearance on CNBC (Feb. 26, 2010)
More Market Intelligence:
- Blaming Winter For Economy's Chill? Mistake
- This Sector Will Outperform: Managing Director
- Credit Markets, Jobs Look Good: Michael Darda
CNBC Data Pages:
Bank of America
No immediate information was available for Swonk or her firm.