MacroPolicy Perspectives' Julia Coronado predicts that the recession will occur in early '24, not this year

Julia Coronado, founder of MacroPolicy Perspectives, and Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chairman, join 'Squawk Box' to discuss their thoughts on the economic outlook for 2023, how they view the relatively strong labor market, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV ...(read more)

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BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing

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Recession Will Be an Early '24 Problem, Not This Year: MacroPolicy Perspectives's Julia Coronado As we navigate through the tumultuous economic consequences of the COVID-19 pandemic, many are questioning when the next recession will hit. However, according to Julia Coronado, founder of MacroPolicy Perspectives and a well-respected economist, the feared recession is more likely to become a problem in early 2024 rather than this year. Coronado's observation is based on a variety of factors, including the current state of the economy and the likely trajectory it will take in the coming years. While it is important to remain cautious about economic fluctuations, her analysis provides valuable insights to help stakeholders plan for the future. One of the primary reasons cited by Coronado to justify her viewpoint is the ongoing recovery from the pandemic-induced recession. The global economy has witnessed significant progress in bouncing back from the depths of economic contraction. Governments worldwide have implemented unprecedented fiscal stimulus measures, providing vital support to businesses and individuals. Furthermore, the successful distribution of vaccines has improved the overall outlook, with many regions being able to gradually ease restrictions and return to pre-pandemic levels of economic activity. These positive trends contribute to the belief that the immediate risks of a recession are relatively low. Coronado also suggests that concerns about inflation, which have been mounting in recent months, are unlikely to lead to an imminent recession. While there has been a rise in prices across various sectors, this can be attributed to supply chain disruptions and temporary factors rather than a systemic issue. Central banks have emphasized their commitment to maintaining price stability and are prepared to take appropriate measures to mitigate any inflationary pressures. Another significant factor highlighting the improbability of a recession this year is the strong position of household balance sheets. Amid the pandemic, many households have been able to save a substantial portion of their incomes due to restricted spending opportunities. This accumulated savings buffer will act as insulation against any potential downturn in the near term. However, Coronado does caution that prudent policymaking and careful monitoring of potential risks are crucial to avoiding a recession further down the line. With the possibility of increasing interest rates and the withdrawal of fiscal stimulus in the future, it is essential for policymakers to strike the delicate balance between sustaining recovery and safeguarding against potential vulnerabilities to ensure continued economic growth. Overall, it is reassuring to hear Coronado's assertion that a recession is less likely to hit this year. The world has grappled with significant economic challenges in the wake of the pandemic, and the recovery efforts are finally bearing fruit. By heeding Coronado's insights and making well-informed decisions, businesses, governments, and individuals can better prepare themselves to handle any forthcoming economic headwinds in early 2024. https://inflationprotection.org/macropolicy-perspectives-julia-coronado-predicts-that-the-recession-will-occur-in-early-24-not-this-year/?feed_id=141373&_unique_id=6518c9d2afa15 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews