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The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.
To avoid a recession, the U.S. economy will need to hope two bills currently being debated in Congress—a proposed tax cut and military aid for Ukraine and Israel—get passed, says Piper Sandler ...
Right now, he said, a recession is not imminent. But depending on what the Fed does — and how markets respond — a recession could be a possibility in the next couple of years.
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
Last year's consensus was that the U.S. economy was headed for a recession, but that didn't happen. This year's consensus is that we'll have a soft landing, in which the economy slows but won't ...
The UK entered a technical recession in the final six months of 2023. [211] [212] Germany's inflation rate reached 11.7% in October 2022, the highest level since 1951. [213] In 2023, Germany fell into recession from January to March due to persistent inflation. [214] In France, inflation reached 5.8% in May, the highest in more than three ...
For now, the Federal Reserve is playing a balancing act. The central bank paused its rate hikes but warned one or two more raises may come later this year to keep up the fight against inflation.
There are many reasons why recessions happen. One overall reason can be lack of demand due to sharp developments in the prices of the inputs used in producing goods and services. Another main reason can be problems e.g. in financial markets. Because recessions have many likely explanations, it is demanding to predict them.