Abby Joseph Cohen reports an increasing likelihood of recession over the past few months.

Abby Joseph Cohen, former Goldman Sachs chief U.S. strategist, joins 'Squawk Box' to discuss where investors currently are, how Joseph Cohen would forecast the next year, and much 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 Probability Been Rising in Recent Months, Says Abby Joseph Cohen As the global economy continues to grapple with the ongoing COVID-19 pandemic and its subsequent fallout, concerns about a potential recession have become more pronounced. Abby Joseph Cohen, a widely respected economist and senior investment strategist at Goldman Sachs, recently came forward to highlight a worrisome trend – the probability of a recession is rising. Cohen, known for her accurate predictions and insightful analysis, cites various factors contributing to the increased chance of an economic downturn. She notes that employment figures, consumer spending, and business investment have all taken a significant hit due to the pandemic-induced lockdowns and subsequent restrictions. With many businesses struggling to survive and millions losing their jobs, it's no surprise that the economy is feeling the strain. One crucial aspect, according to Cohen, is the lack of significant fiscal policy support. While governments worldwide have implemented various stimulus measures, including direct cash transfers and loans for businesses, the sheer scale of the crisis means that these actions might not be enough to prevent a recession. Cohen emphasizes the need for comprehensive government intervention and further fiscal stimulus to mitigate the damage caused by the pandemic. Furthermore, Cohen highlights the ongoing uncertainty and potential long-term effects of the pandemic. The inability to contain the virus, sporadic spikes in cases, and a slow vaccine rollout have all contributed to waning consumer confidence and decreased economic activity. These factors create a vicious cycle, with lower consumer spending leading to reduced business revenue and subsequently forcing companies to cut costs through layoffs and reduced investments. While governments and central banks have stepped in to mitigate the impact with historically low interest rates and quantitative easing measures, Cohen warns that these measures cannot be relied upon indefinitely. The possibility of inflation and ballooning debt burdens loom large and may further hinder economic recovery in the long run. The impact of the pandemic has not been uniform across sectors either. Cohen notes that certain industries, such as travel, hospitality, and entertainment, have been hit hardest and will likely take longer to recover fully. These sectors often employ low-wage workers, making it even more challenging for individuals and families to cope with the economic aftermath. In conclusion, Abby Joseph Cohen's concerns about the rising probability of a recession reflect the complex challenges faced by global economies in the wake of the COVID-19 pandemic. With no immediate end in sight, governments and policymakers must implement robust, comprehensive measures to support businesses, protect jobs, and boost consumer spending. Failure to do so could result in long-term damage to the global economy and exacerbate already-existing inequalities. https://inflationprotection.org/abby-joseph-cohen-reports-an-increasing-likelihood-of-recession-over-the-past-few-months/?feed_id=142514&_unique_id=651d6dc65cd3d #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