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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Simon Constable, Time: Business
Tue, 06/28/2022 - 10:59am
Topics: judging amanda agati pnc asset u.s.&mdash federal reserve august the fed overblown october january jay hatfield ceo infrastructure capital thomas a martin senior portfolio manager globalt investments atlanta hidden bright spots that s recessions wall street york-based goldman sachs the u.s ukraine a chinese u.s adrien pichoud syz bank if china real concerns gdp we re asia europe a agati management fed s the u.s s&p april i chinese i pichoud pichoud economy growth market energy year rate unemployment good risk housing means annual index investors higher late profits world’s risks doesn slowdown chief won fell don stock corporate experts inflation economic gas prices month worries
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