Thursday, January 26, 2023

New analysis raises questions about America's 'missing recession'

Since the COVID-19 pandemic, there have been 
looming concerns about the possibility of America falling into a deep recession. Over the past six months, those concerns have escalated. However, a new analysis argues that those financial predictions have fallen short.
New Statesman's Will Dunn began his analysis with a brief recap of concerns expressed by CEOs of some of the country's top corporations.
"In June last year Jamie Dimon, the chief executive of JP Morgan, America’s (and the world’s) largest bank, warned that an economic 'hurricane' was 'right out there, down the road, coming our way,'" Dunn wrote, adding, "Other CEOs and analysts agreed; Elon Musk, who was at that point still considered a capable user of money, had a 'super bad feeling' about the US economy."
Despite the verbalized concerns, the country's economy and workforce have continued to thrive.
New analysis raises questions about America's 'missing recession'

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