There were signs of a resilient economy at the end of 2022 as fears of a recession loom. NBC’s Tom Costello reports for TODAY on GDP, inflation and layoffs. » Subscribe to TODAY: » Watch the latest from TODAY: About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: Find TODAY on Facebook: Follow TODAY on Twitter: Follow TODAY on Instagram: » Stream TODAY All Day: About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, and more. All in one place. #economy #money #recession...(read more)
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The US economy has recently shown signs of growth, alleviating concerns of a looming recession. The country's unemployment rate has touched an all-time low, and the GDP growth rate has also exceeded expectations. The US economy has been growing continuously for 11 years, and despite recent concerns, there are no visible signs of a slowdown or recession. The unemployment rate stood at 3.5% in early 2020, which is the lowest it has been in 50 years. Moreover, the US economy created 266,000 jobs in November 2019, which was higher than expected. Another indicator of the US economy's growth is the performance of the stock market. The Dow Jones Industrial Average surpassed 28,000 in late November, and continued to rise steadily since then. The stock market is an excellent barometer of the health of the US economy, and an upward trend signifies growth and confidence in the market. The GDP growth rate was also higher than expected, standing at 2.1% in the third quarter of 2019. Although this is lower than the previous year, it is still a healthy rate and is proof that the US economy is stable. The trade war between the US and China was a significant concern for many economists, as it had the potential to significantly impact the American economy. However, both countries recently reached a partial trade agreement, which has brought some relief to the market. Despite these positive signs, the possibility of a recession still exists. Factors such as political uncertainty and a decrease in consumer spending can impact the economy adversely. Experts predict that some industries such as manufacturing might witness a slowdown, but other sectors like healthcare and technology might experience growth. To mitigate the risk of a recession, the US government has lowered interest rates, which have reduced borrowing costs for businesses and consumers. The Federal Reserve has also been injecting money into the economy to boost liquidity. In conclusion, while there are concerns about a recession, the US economy is showing signs of growth. The strong job market, robust stock market, and healthy GDP growth rate are all indications that the economy is stable. However, it is important to keep a close eye on potential risks that can destabilize the economy, and for the government and businesses to take necessary measures to mitigate those risks. https://inflationprotection.org/rewrite-this-title-us-economy-shows-signs-of-growth-amid-fears-of-recession/?feed_id=86710&_unique_id=643545efdc111 #Inflation #Retirement #GoldIRA #Wealth #Investing #AlRoker #breakingnews #concerts #domesticnews #Entertainment #food #Health #HodaKotb #home #internationalnews #Interviews #Media #money #NatalieMorales #parents #pets #politics #SavannahGutherie #shopping #sports #Style #TODAY #TODAYShow #weather #RecessionNews #AlRoker #breakingnews #concerts #domesticnews #Entertainment #food #Health #HodaKotb #home #internationalnews #Interviews #Media #money #NatalieMorales #parents #pets #politics #SavannahGutherie #shopping #sports #Style #TODAY #TODAYShow #weather
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