The Recession Debate: Is it Here, Delayed, or Cancelled?
Despite warnings of an impending recession, the latest signs suggest that the United States may avoid a full-blown economic contraction. Some economists believe the country could achieve a "soft landing" as consumers continue to spend and employers keep hiring. Analysts point to two trends: a "rolling recession" where only certain industries shrink while the overall economy remains afloat, and a "richcession" where major job cuts are concentrated in higher-paying industries, which are better equipped to withstand layoffs. However, threats such as continued interest rate hikes by the Federal Reserve could still lead to a recession. Overall, the economy's resilience and positive economic data have led some economists to be more hopeful about avoiding a recession in the near future.
- Is it a 'richcession'? Or a 'rolling recession"? Or maybe no recession at all? The Associated Press
- A recession indicator that predicted every downturn since 1969 started flashing months ago—and a Wall Street veteran warns it always works on a delay Yahoo Finance
- Prominent Investor Says a Recession Is Already Here TheStreet
- Recession Starts Looking Less Great, More 'Godot' Bloomberg
- Recession 2023 Might Be Canceled, But Economists Won’t Admit It Bloomberg
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