The phrase "again the prospect of" is correct and usable in written English.
It can be used when discussing a recurring situation or opportunity that is being considered once more.
Example: "Once more, we find ourselves facing again the prospect of a major economic downturn."
Alternatives: "once again the possibility of" or "yet again the chance of".
Then came plans for the adoption of the euro in the late 1990s, and again the prospect of an ascendant Europe offered a gilded opportunity for Spain.
For one thing it raises again the prospect of a prosecution; for another it invites searching questions about why it took so long to get the truth recognised.
The dissolution of the parliament contributed directly to the outbreak of rural insurgencies, which engulfed 5 of 21 provinces between January and August 1964, and raised again the prospect of a total collapse of the central government.
Again, the prospect of stock market meltdown is swatted away: "I don't think that follows at all … if you're coming forward with a positive proposal to trade across Europe and the world, a lot of the stock markets would say, hooray".
Lancaster's original hit is a ghost in this machine, but it sounds swirly and menacing again, the prospect of a "fine day" rising through a busy whoosh of breakbeats, nervous stabs of synthesizer, digital hi-hats that twinkle and spark like beads of sweat.
The cost of borrowing for Spain has jumped above 6%, raising again the prospect of a bailout.
The law still stands, and when the mayor again raised the prospect of layoffs, skeptical observers wondered if he was running the same play all over again.
Corbyn won big again, and the prospect of unseating him in the foreseeable future has gone.
His attacks exemplify, yet again, why the prospect of a President Trump is terrifying.
12.41pm: Nick Clegg has been talking – again – about the prospect of working with Gordon Brown.
Meanwhile, by late January, Flynn's attorneys were again exploring the prospect of refiling under FARA.
