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Is the economy in a recessionary state?


For our MoneyWatch series "The Uncertain Economy," Javier David, managing director of business and markets at Axios, talks with CBS News' Anne-Marie Green about what different economic metrics mean for our current recession risk. #news #economy #recession CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Paramount+ free: For video licensing inquiries, contact: licensing@veritone.com...(read more)


BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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The term "recession" is often used to describe a period of economic decline. This typically happens when economic activity slows down, leading to job losses, reduced consumer spending, and a decline in overall economic growth. So, are we currently in a recession? The answer to this question is not straightforward. The COVID-19 pandemic has had a significant impact on the global economy, with many countries experiencing an economic downturn. The United States is no exception. In March 2020, the United States experienced a significant drop in economic activity, leading many experts to believe that we were entering a recession. However, the government's response to the pandemic – such as the CARES Act, which provided direct payments to Americans and expanded unemployment benefits – helped to mitigate the economic fallout. Furthermore, as businesses adapted to new safety protocols and consumer spending habits changed, the economy began to show signs of recovery during the summer of 2020. The unemployment rate has decreased from its pandemic high, and consumer spending has increased. However, there are still concerns that the United States could enter a recession. The pandemic is not yet over, and new variants of the virus could disrupt economic activity once again. Additionally, the labor market is still struggling to recover, with many workers still unemployed or underemployed. Ultimately, whether or not the United States is currently in a recession is up for debate. While there are signs of economic recovery, there are still many challenges facing the U.S. economy. Only time will tell if we are able to fully recover from the impact of the pandemic. https://inflationprotection.org/is-the-economy-in-a-recessionary-state/?feed_id=93584&_unique_id=64510a04a89d8 #Inflation #Retirement #GoldIRA #Wealth #Investing #consumerspending #laborforce #MoneyWatch #recession #RecessionNews #consumerspending #laborforce #MoneyWatch #recession
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