THERE ARE AT LEAST TWO SIDES TO EVERY STORY

Does A Recession Await?

The economy is healthier than we think

All the signs point towards recession

 Unsplash: Markus Spiske

Warnings of recession are overblown, argues Max Zahn of ABC News. The currently available economic data simply doesn't point to one. Crucial here are two factors: jobs continue to grow as the unemployment rate stays near 3.6% while retail spending is actually increasing. Both of these metrics are in a healthy state even though they were predicted to suffer. They are also excellent benchmarks for assessing the overall state of the US economy. While inflation bears other drawbacks, such as rising prices, our current trajectory is set to continue down the current path. Warnings of doom are excessive right now; the economy is currently in a good place.

Keep on reading at ABC News

Everything indicates that the US economy is headed for a recession, believes David Harsanyi of The Federalist. The Biden administration is doing its best to hide this truth, but it is inevitable nonetheless. Our economy is set to see a loss in growth, with GDP reducing by 1.6%. Consumer confidence is falling. Interest rates are rising. These facts will cause economic damage one way or another. Today, 3.25 million fewer Americans currently occupy jobs than did in February 2020. The Covid lockdowns created job losses that still haven't been recovered. Still, much of the media wants to paint an unrealistically rosy picture. That won't stop the very real impending recession.

Keep on reading at The Federalist
36.4%
Where do you stand?
63.6%
SHOW COMMENTS
Write a response...
See what else you’re missing
single
modal image