Julia Coronado, founder of MacroPolicy Perspectives, and Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chairman, join ‘Squawk Box’ to discuss their thoughts on the economic outlook for 2023, how they view the relatively strong labor market, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
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Recession Will Be an Early ’24 Problem, Not This Year: MacroPolicy Perspectives’s Julia Coronado
As we navigate through the tumultuous economic consequences of the COVID-19 pandemic, many are questioning when the next recession will hit. However, according to Julia Coronado, founder of MacroPolicy Perspectives and a well-respected economist, the feared recession is more likely to become a problem in early 2024 rather than this year.
Coronado’s observation is based on a variety of factors, including the current state of the economy and the likely trajectory it will take in the coming years. While it is important to remain cautious about economic fluctuations, her analysis provides valuable insights to help stakeholders plan for the future.
One of the primary reasons cited by Coronado to justify her viewpoint is the ongoing recovery from the pandemic-induced recession. The global economy has witnessed significant progress in bouncing back from the depths of economic contraction. Governments worldwide have implemented unprecedented fiscal stimulus measures, providing vital support to businesses and individuals.
Furthermore, the successful distribution of vaccines has improved the overall outlook, with many regions being able to gradually ease restrictions and return to pre-pandemic levels of economic activity. These positive trends contribute to the belief that the immediate risks of a recession are relatively low.
Coronado also suggests that concerns about inflation, which have been mounting in recent months, are unlikely to lead to an imminent recession. While there has been a rise in prices across various sectors, this can be attributed to supply chain disruptions and temporary factors rather than a systemic issue. Central banks have emphasized their commitment to maintaining price stability and are prepared to take appropriate measures to mitigate any inflationary pressures.
Another significant factor highlighting the improbability of a recession this year is the strong position of household balance sheets. Amid the pandemic, many households have been able to save a substantial portion of their incomes due to restricted spending opportunities. This accumulated savings buffer will act as insulation against any potential downturn in the near term.
However, Coronado does caution that prudent policymaking and careful monitoring of potential risks are crucial to avoiding a recession further down the line. With the possibility of increasing interest rates and the withdrawal of fiscal stimulus in the future, it is essential for policymakers to strike the delicate balance between sustaining recovery and safeguarding against potential vulnerabilities to ensure continued economic growth.
Overall, it is reassuring to hear Coronado’s assertion that a recession is less likely to hit this year. The world has grappled with significant economic challenges in the wake of the pandemic, and the recovery efforts are finally bearing fruit. By heeding Coronado’s insights and making well-informed decisions, businesses, governments, and individuals can better prepare themselves to handle any forthcoming economic headwinds in early 2024.
I should've been an economist. Say whatever u want. You really don't have to be right. U can constantly change ur mind. What a scam of a job lol
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
This recession has been postponed more than 10 x
2024 problem.
I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I will only focus on the long term.
I can't believe how much our lives have changed since meeting Rodger Michael Karl. He's helped us become debt-free and save for retirement." I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to retirement ..
These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.
Why should we trust CNBC with telling the truth or even knowing the truth?
Been projecting recession for 2+ yrs. now. Ridiculous
I hope not my port just bounced back to 2020 before Covid-19
The correlation between Bitcoin's price rally and the latest inflation data, along with banking sector instability, is quite fascinating. It's interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative asset during times of eroding confidence in traditional banking, has attracted retail investors. The permissions and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of Dr Benjamin mason’s excellent trading signal/strategy, which has enabled me to amass 32 btc in just three weeks. In the field of cryptocurrency trading, Mason has proven to be a true visionary.
The correlation between Bitcoin's price rally and the latest inflation data, along with banking sector instability, is quite fascinating. It's interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative asset during times of eroding confidence in traditional banking, has attracted retail investors. The permissions and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of Dr Benjamin mason’s excellent trading signal/strategy, which has enabled me to amass 32 btc in just three weeks. In the field of cryptocurrency trading, Mason has proven to be a true visionary.
Last year it was 1st half this year, then it moved to back half of this year, now moved to first of next year…. BAHAHAHA
First thought the guy here was from the food review channel "report of the week" lol.
There we go again, recession always seems to be 6-12 months away. lol
Yup keep going
Kick it down the road
Instead of imprinting policy that destroys jobs and forces humans to lose their income, how about we stop printing money and stop it with the freebies?
DAY TRADERS RUN THIS MARKET. EVERYONE WANTS TO BE AN OPTION PLAYER. WHEN PEOPLE ARE ONLY IN A STOCK FOR AN HOUR, A DAY, OR 3 DAYS. ITS WHAT I CALL THE IN AND OUT BURGER MARKET. ESPECIALLY IN SMALL CAPS. EVERYONE WANTS TO MAKE A FAST BUCK. FAST MONEY. AS A LONG TERM INVESTOR. YOU REALLY GOT TO PICK YOYR STOCKS CAREFULLY. AND PAY NO MIND TO ALL THE MARKET MOVEMENT CAUSE ITS ALL TEMPORARY. AND CHANGES WITH THE WORDS OF THE NEXT TALKING HEAD.
The economy is in "pretty good shape"? What a moron.