As the Federal Reserve continues efforts to bring Inflation down, S & P Global Ratings is warning of a mild recession in 2023. Beth Ann Bovino, chief economist for S & P Global Ratings, joined John Dickerson on “Prime Time” to discuss.
#news #inflation #economy
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BREAKING: Recession News
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Recently, a renowned economist has warned of an impending recession in the United States next year. This economist has a track record of correctly predicting the previous economic downturns in the country and hence, businesses and policymakers need to take heed of his warning.
The economist’s warnings are based on several economic indicators and trends that he has carefully monitored over the past few years. He has noted that the United States economy has been growing at a slower pace compared to previous years and that there has been a decline in business investment. Additionally, the manufacturing sector has been struggling, with many firms facing challenges due to ongoing trade wars.
Another issue that the economist has highlighted is the possibility of a decline in consumer confidence as people become wary of the possibility of a recession. This could lead to a reduction in consumer spending, which could negatively impact businesses across various industries. Furthermore, the financial markets have been experiencing significant fluctuations in recent times, which can be seen as a sign that investors are uncertain about the future direction of the economy.
The economist’s warning of an upcoming recession in the United States should not be taken lightly. If it comes to pass, it could have serious consequences for businesses, households, and the government. During a recession, businesses tend to cut costs and reduce staff, leading to job losses. Households’ finances are also strained as incomes decrease and the cost of living increases in some areas. The government also has less financial resources to spend on social programs as tax revenues drop.
Despite this obvious concern, there might be a silver lining in the dark economic cloud. The government could implement policies and measures to stimulate the economy, such as tax cuts, increased government spending, or interest-rate reductions by the central bank.
In conclusion, the warnings from the economist regarding a potential recession in the United States next year should not be ignored or taken lightly by policymakers or businesses. Being proactive rather than reactive could help them prepare for the worst-case scenario and possibly take advantage of opportunities that might come with it. While the prospect of a recession might be worrying, it does not have to be catastrophic.
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I'm not going to worry anymore about the economy I'm sick of worring. I've got something better than the country or the world for that matter can offer me
Biden has been on a spending spree.
“IT'S TOUGH TO MAKE PREDICTIONS, ESPECIALLY ABOUT THE FUTURE” – Yogi Berra.
Neither NBER nor the Fed nor the the powers that be in Washington predict a recession. And of those only, two will admit we have ever been in a recession.
we can all search YouTube. There were numerous reports at the beginning of 2022 and the end of 2021 that there would be a recession in 2022. It never happened or it was never confirmed to happen. So at the end of the day what did all those reports predicting a recession in 2022 do for informing the public? That’s the whole point right, informing the public. So what does numerous reports about a pending recession in 2022 that never happened do for the public?
They predicted a recession as inevitable this year and it didn’t happen. This woman can not predict the future. This whole segment is useless to the public.
All the companies cry about not making money last quarter of EVERY year after year, TO GET BIG FAT TAX BREAKS. They all cook their books, it's common knowledge. This financial practice should be ended, put some IRS auditor's to work on a real massive fraud. After they're finished with Trump though.
The plan is to cancel their controlled recession.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k.
Make this guy shut up (Fed Chief J. Powell) and force him to give back the Multi Trillions of $$ he stole from the middle class and gave to the rich.
A lot of focus on the CPI which is at 6% but the attention should be around the PPI which at 7.7%. Unit cost which reflects productivity is becoming higher..!!
ha they want to convince you we already went through the pain of the pandemic its bs we postponed that downturn thats why most people dont even know we had a 60 days recession its utter bs we are finally seeing the 2020 recession now not march 2020 this isnt a separate theme recession
Were already in a recession dumazzes
What is the leading way to build capital in the stock market. What's the best way to make money from crypto Trading ??
Numbers can always be cooked, and definition of a recession can always be redefined. As long as the authorities says we’re not in a recession then we’re not.
Nice US drama gimmicks
Recession? We are officially in depression.
didnt you ignore the recession we had this year?