The economy will almost certainly fall back into recession, long term growth will be stunted, and confidence will be shattered.

FORBES: Suicide by Sequestration

Moreover, the last thing it wanted was for Japan to fall back into recession, lest this have a knock-on effect in the rest of the world.

ECONOMIST: Japan

Or did we recover and fall back into recession again?

FORBES: Like we're really waiting for your big-deal, official recession call...

Data from the Conference Board this morning seemed to remove fears from the market that the consumer may fall with the economy into a double-dip recession this Fall, as retailers prepare for back-to-school season.

FORBES: Homebuilders Getting A Boost This Week

"The first fall in service sector activity for two years raises the likelihood that the UK economy is sliding back into recession, " said Chris Williamson, chief economist at Markit.

BBC: UK service sector activity falls in December