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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
US GDP Report: Economy Falls Sharply | Recession Threat in 2023
In a disappointing turn of events, the latest US GDP report has revealed a sharp decline in economic growth, raising concerns over a possible recession in 2023. The report, released by the Bureau of Economic Analysis, presents a worrisome picture with several key indicators pointing towards a slowdown in economic activity.
According to the report, the US economy contracted by 2.9% in the second quarter, a significant drop compared to the 1.6% growth registered in the previous quarter. This unexpected decline highlights the challenges faced by various sectors, including manufacturing, consumer spending, and business investment, and raises questions about the robustness of the recovery from the pandemic-induced downturn.
One of the major contributors to the economic contraction is the decline in consumer spending, which makes up a substantial portion of the GDP. With the uncertainty surrounding the Delta variant and rising inflation affecting households’ purchasing power, consumers have become more cautious, leading to a decline in spending. This weak consumer demand has a knock-on effect on businesses, resulting in lower revenues and profitability.
Furthermore, the manufacturing sector, which showed signs of strength earlier this year, has now started to falter. Supply chain disruptions, labor shortages, and rising input costs have disrupted production schedules, causing a slowdown in output. This decline in manufacturing activity has a ripple effect on other sectors, such as transportation, logistics, and even services, thus amplifying the impact on the overall economy.
Business investment, another crucial driver of economic growth, has also witnessed a downturn. Uncertainty surrounding future economic conditions, concerns about rising corporate taxes, and global trade tensions have led businesses to postpone investment plans. This lack of business spending can negatively impact productivity, innovation, and ultimately, long-term economic growth.
With these concerning trends, experts are increasingly worried about the possibility of a recession in 2023. While it is too early to predict the severity and duration of a potential recession, the GDP report has certainly raised red flags. Moreover, the Federal Reserve will face the challenging task of navigating monetary policy in the face of weaker economic conditions.
To combat this downward trajectory, policymakers need to address the root causes contributing to the economic slowdown. Measures such as boosting consumer confidence through targeted fiscal policies, addressing the manufacturing and supply chain disruptions, and providing incentives for businesses to invest and innovate could help stimulate economic growth.
It is essential for the government to closely monitor the evolving economic landscape and take timely actions to prevent a full-blown recession. Failure to do so could have lasting repercussions on employment, income levels, and overall social well-being.
In conclusion, the recently released US GDP report pointing towards a significant decline in economic growth raises concerns over the possibility of a recession in 2023. The weak performance in consumer spending, manufacturing, and business investment highlight the challenges faced by the economy. Swift and decisive action is required from policymakers to bolster the economy and mitigate the threat of a deep recession.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Depression coming
They are spending on credit cards!!!!
You don’t take I. Account for inflation. Gdp is only higher because of inflation not because more goods are being produced.
A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
None of these shorts had a clue.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Can u make a video showing us how to prep for either hyperinflation or a depression please, thank u
Non profits suffer the grunt of it. They will have more needy families than ANY ONE NON PROFIT CAN HELP
please place the download option for this video
Please don't change Brian. You are the hero we need.
“You will own nothing and you will be happy”. -Klaus Schwab.
Wow wow wow
The green New deal electric cars global warming will bankrupt the United States we have fossil fuel
Don’t sit down and watch recession eat us up, we should get into something profitable at least a weekly source of income.it’s been all beneficial after giving a trial to Bonaveststockfx which is profitable you can check them out and see for yourself.
I appreciate the creators of this broadcast it really has a great content and raw facts keep up the good work.
The neo-con Biden is doing a great job destroying the world.
spot on…
Thank you as always.