Whether deep or shallow, long or short, the idea the economy is heading for a recession is pretty much the consensus view among economists.
"You have to blow the dust off your economics text book. This is going to be be a classic recession," said Tom Simons, money market economist at Jefferies."The transmission mechanism we're going to see it work through first in the beginning of next year, we'll start to see some significant margin compression in corporate profits. Once that starts to take hold, they're going to take steps to cut their expenses.
The Federal Reserve's latest economic projections show the economy growing at a pace of 0.5% in 2023, but it does not forecast a recession. "The market clearly things the Fed is going to reverse course on rates as things turn down," said Simons."What isn't appreciated is the Fed needs this in order to keep their long term credibility on inflation."
That recession was longer than it seemed in retrospect, Swonk said."It started in January, 2008...It was like a year and a half," she said."We had a year where you didn't realize you were in it, but technically you were...The pandemic recession was two months long, March, April 2020. That's it."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bob Brody: Why I still ‘like’ Facebook, even though everyone else sort of hates itBob Brody writes: 'Speak out all you want against Facebook — and I know you will — but I've long seen it mainly as a force for good, especially around holidays such as Christmas.'
Leer más »
Why The Holidays Are The Season For Fatbergs And Why You Should CareFatbergs, explained. And, yes, it’s as gross as it sounds.
Leer más »
Why One Editor Can’t Stop Wearing Gray This Season—and Why You Should TooAs far as the winter wardrobe goes, the many shades of gray have way more sartorial power than one shade of black.
Leer más »
Consumer confidence hits 8-month high as worries about inflation and recession fadeA survey of consumer confidence jumped to a eight-month high in December, reflecting a drop in gas prices and more optimism about the jobs and the economy.
Leer más »
Consumer confidence jumps to eight-month high as recession worries fadeA survey of consumer confidence jumped to a eight-month high in December, reflecting a drop in gas prices and more optimism about the jobs and the economy.
Leer más »
The 25 Best Puffer Jackets for Women to Stay Warm All Winter LongFrom extra warm to short and cropped, there’s a puffer for everyone this season.
Leer más »