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A recession is a situation of negative economic growth. The confirmatory indicator for one is 2 quarters in a row having negative economic growth. So far one USA quarter has negative growth and if data for this one comes in and there is still negative economic growth then a recession will be confirmed.
The major drivers of a recession is high inflation and high interest rates which creates low consumer power.
The chairman of the USA fed testimony brought shock waves to the finance community as he started that the possibility of a recession is highly possible.
US recession is now certainly a possibility, headwinds for Europe’s M&A activity, political crisis in Bulgaria, and a chastised Macron. Here’s what people are talking about.
