Why a 2022 Recession Would Be Unlike Any Other | WSJ

Is the U.S. in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs? Recessions usually come with a dip in economic output and a rise in unemployment. Right now, economic output is falling. But so is unemployment. WSJ’s Jon Hilsenrath has coined it a “jobful downturn.” We look at past recessions and indicators to explain how a recession in 2020 could be very different. Read more about this “jobful downturn” on The Wall Street Journal: More from the Wall Street Journal: Visit WSJ.com: Visit the WSJ Video Center: On Facebook: On Twitter: On Snapchat: #Recession #Economy #WSJ...(read more)

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The possibility of a recession in 2022 has become a topic of concern among economists and investors worldwide. While past recessions have been driven by factors such as technology bubbles, housing market crashes, and banking crises, a 2022 recession could be unlike any other before it. In this article, we will delve into the reasons why a recession in 2022 would be a unique event, and what could be done to mitigate its effects. Firstly, the COVID-19 pandemic has brought about unprecedented changes to the global economy. The pandemic has led to massive job losses and business closures, record-breaking government stimulus packages, and a shift to remote work for many industries. The pandemic has also exposed weaknesses in supply chains and supply-demand imbalances in various sectors. Consequently, the uncertainties brought about by the pandemic could lead to a recession in 2022, particularly if new variants of the virus continue to emerge and disrupt economic activities. Secondly, the labor market has undergone massive shifts in the past year, with millions losing their jobs through no fault of their own. However, there could be a shortage of workers in several key industries, particularly in the healthcare and hospitality sectors. With retirees leaving the workforce and younger workers reluctant to enter these industries, there could be a significant gap in the labor market in the coming years, resulting in wage inflation and reduced economic activity. Thirdly, the demographic changes over the past decade could have long-lasting effects on the economy. With baby boomers retiring and fewer young workers entering the workforce, there could be a shortage of workers for several years. On the other hand, the aging population could cause a rise in healthcare costs, which would strain government budgets and could lead to budget cuts that further weaken the economy. In summary, a 2022 recession would be unlike any other in history, as it would be driven by several unprecedented factors such as the COVID-19 pandemic, changes in the labor market, and demographic shifts. To mitigate the effects of a potential recession, policymakers could implement measures such as increasing government spending, investing in infrastructure, and prioritizing industries that have faced the most significant impacts of the pandemic. If done right, policymakers could lay the foundation for sustained growth and prosperity for years to come. https://inflationprotection.org/why-a-2022-recession-would-be-unlike-any-other-wsj/?feed_id=80396&_unique_id=641afa6358ac7 #Inflation #Retirement #GoldIRA #Wealth #Investing #2022recession #areweinarecession #bnecon #causesofrecession #downturn #economicrecession #economy #employment #explained #explainer #fed #gdp #historyofrecessions #inflation #istheeconomyinarecession #jobs #jonhilsenrath #layoffs #losemyjob #marketrecession #Markets #news #recession #recession2022 #recessionnews #recessionof2022 #signsofarecession #stockmarket #stockmarketnews #Stocks #unemployment #US #whatcausesarecession #willIfindajobinarecession #wsj #InvestDuringInflation #2022recession #areweinarecession #bnecon #causesofrecession #downturn #economicrecession #economy #employment #explained #explainer #fed #gdp #historyofrecessions #inflation #istheeconomyinarecession #jobs #jonhilsenrath #layoffs #losemyjob #marketrecession #Markets #news #recession #recession2022 #recessionnews #recessionof2022 #signsofarecession #stockmarket #stockmarketnews #Stocks #unemployment #US #whatcausesarecession #willIfindajobinarecession #wsj