More broadly, the U.S. economy has rebounded after unexpectedly shrinking in early 2022. An increase in government spending and a narrowing trade gap, with American retailers importing less and exporting more, helped gross domestic product late in the year.
But economists warn that those gains could be short-lived as major chunks of the economy, including housing and consumer spending, continue to moderate. “The irony is, we’re seeing the strongest growth of the year when things are actually slowing,” Diane Swonk, chief economist at KPMG, said , after the third-quarter GDP results. “There are some real cracks in the foundation. Housing is contracting. The consumer is slowing. GDP is growing, but not for all of the right reasons.”So what’s next for the economy? Economists aren’t quite sure. There’s no question that we’re in for more of a cool-down, though it’s unclear how rapidly or dramatically that might happen.
“Our recession probability models have moved to uncomfortably high levels,” Morgan Stanley economists wrote in a recent report. “Tighter financial conditions and market volatility suggest recession in the next 12 months is a coin toss.”
Basically, we need to get money out of politics RIGHT NOW, confiscate and redistribute some of the $trillions in our national wealth that some particularly mentally disabled people believe they should possess and control, and get them the therapy they need.
more mass disability & death for next quarters profits supply chain shortages & price gouging same shit different day
Joe's economy is awful. He created most of the problems we are facing and he has no idea how to pull his head out of his own trap
Lol so you’ll keep fanning INFLATION!!!!! flames
It's always a guessing game. Economists have successfully predicted 14 of the last 3 recessions.
By all human theories and civilizations, China's way of occupying and destroying the world in all is only destroying human bodies, that is, 'kill good people' by Brain-Control! So the powerful people, human spirits, arts, civilizations…were completely replaced, destroyed!
Appeal to my American Friends. Armageddon in the center of Europe! Russia fills Ukraine with blood and covers the earth with human flesh! Women and children are destroyed! Stop the genocide of the nation!
The only chart to remember that matters... How many regrets?
The White House says everything is going great