Brace Yourself, Consumers: Another Double Dip Recession?

Rises and Falls - double dip recession
Rises and Falls - double dip recession

Here we go again.

About a year ago, some pundits predicted a double dip recession, which never really materialized. But those fears might come to pass this time, according to a new study by Customer Growth Partners (CPG), a research and consulting firm serving the retail and consumer products industries.

Escalating energy prices and the steepest rise in food inflation in a generation -- amid a tenuous economy -- are conspiring to set the stage for a double dip recession, the report says.