David Kelly, JP Morgan Asset Management chief global strategist, and Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Securities, join ‘Squawk on the Street’ to discuss what the latest strong job reports suggest, the odds of a recession, and more....(read more)
BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing
As the global economy continues to recover from the unprecedented impact of the COVID-19 pandemic, there is a growing sense of optimism among experts. According to David Kelly, chief global strategist at JPMorgan Asset Management, the odds of a significant recession are "going down" at present. Kelly's positive stance is based on several factors. First and foremost, the global vaccination efforts have gained momentum, leading to a decline in COVID-19 cases and a gradual reopening of economies. This has resulted in an increase in consumer spending, investment, and business activities, which are crucial for economic growth. Furthermore, there has been significant fiscal and monetary stimulus implemented by governments and central banks worldwide. These measures have provided a much-needed boost to economies, helping to stabilize financial markets and support businesses and individuals throughout the pandemic. Another important indicator of economic recovery is the rebound in employment rates. Many countries have witnessed a decline in unemployment figures as businesses resume operations and hire more workers. This trend indicates a return to stable economic conditions and increased consumer confidence. Kelly also points out that many households have built up significant savings during the pandemic due to lockdown restrictions and reduced spending opportunities. As economies reopen, this excess savings could potentially fuel a surge in consumer spending, further accelerating economic recovery. However, while the odds of a significant recession are decreasing, Kelly emphasizes that it does not mean the risks have been completely eliminated. There remain several challenges that could hinder the recovery process, such as new variants of the virus, supply chain disruptions, or policy missteps. Moreover, the global economic landscape remains divergent, with some countries recovering faster than others. Variations in vaccination rates, government policies, and economic structures can create disparities in economic performance and growth potential. In conclusion, the optimism expressed by JPMorgan's David Kelly regarding the declining odds of a significant recession is a positive sign for the global economy. The successful distribution of vaccines, ongoing fiscal support, and pent-up consumer demand are all contributing factors to this positive outlook. However, it is essential to remain cautious and monitor various risk factors that could impact the recovery process. https://inflationprotection.org/jpmorgans-david-kelly-suggests-a-decreasing-likelihood-of-a-noteworthy-recession-at-present/?feed_id=140841&_unique_id=651678caac9db #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkontheStreet #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkontheStreet #stockmarket #stockmarketnews #Stocks #usnews #worldnews
Comments
Post a Comment