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US economy on the brink of recession

2022-07-05T15:34:56.938Z


DECRYPTION - The signals of a decline in activity are multiplying in the United States. America is on the brink of recession. She may even have already fallen into this rut. And many who think it hasn't yet see a prolonged contraction in the economy beginning at the end of the year. The leaders of the Federal Reserve maintain that their policy of raising the rate quickly and significantly will not necessarily break the momentum of growth. Their arguments are not without merit. Jay P


America is on the brink of recession.

She may even have already fallen into this rut.

And many who think it hasn't yet see a prolonged contraction in the economy beginning at the end of the year.

The leaders of the Federal Reserve maintain that their policy of raising the rate quickly and significantly will not necessarily break the momentum of growth.

Their arguments are not without merit.

Jay Powell, the head of the central bank, points out that full employment and high, but unmet, hiring needs show that demand in many respects still exceeds supply.

Curb overheating

For nearly two years now, the major difficulty for businesses has been finding workers.

The private sector should be more reluctant than ever to downsize.

But recessions are traditionally preceded by social plans.

Read also

A recession in the United States is not “inevitable”, says the secretary of the Treasury

Another favorable factor is that American savings are still at a relatively high level...

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Source: lefigaro

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