Comment on Why a Recession Isn’t Inevitable

Simon Constable, Time: Business
Tue, 06/28/2022 - 10:59am

Why a Recession Isn’t Inevitable

An ugly word has been shooting around the media like it’s going out of fashion: Recession, usually defined as two back-to-back quarters of a shrinking economy. Judging by recent headlines and rhetoric from experts, you’d think we are already there. But as with many things, the truth is more nuanced. To be sure, no one in their right mind wants to see a recession, as these periods of malaise usually coincide with higher unemployment and lower corporate profits. While there are growing risks of a recession as the world economy slows, the chances a recession will take hold are lower in the U.S.

 

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