By Lawrence Yun | Forbes
(Opinions expressed by Forbes contributors are their own.)
After solid GDP growth of 3.9% in the second quarter, nearly all economic indicators in recent months have pointed to a sizable slowdown. Industrial production has been falling for several months, retail sales are barely rising, and exports fell while imports rose in the most recent month from a combination of a strong U.S. dollar and some big countries either already falling into a recession or very close to it. The GDP in the third quarter, therefore, may barely muster positive growth of only 1%, enough to start the flashing yellow warning lights for the risk of a recession.