An encouraging inflation report for December, coupled with news of labor market resiliency, is raising hopes that the economy might avoid a recession as it emerges from inflation.
WASHINGTON (Sputnik) - The American economy could land in a 1990-style mild recession by spring next year as unyielding inflation and the Federal Reserve’s. 18.10.2022, Sputnik International
The current economic conditions in the U.S. are also affecting Wall Street firms, where some workers will see bonus cuts with the potential for layoffs.
The figure comes in stark comparison to several other Asian countries that are facing a strong risk of a recession in the coming year due to surging energy. 26.07.2022, Sputnik International