U.S. economy shakes free of recession fears in striking turnaround since August Heather Long
https://www.msn.com/en-us/news/us/us-economy-shakes-free-of-recession-fears-in-striking-turnaround-since-august/ar-AAK9ByW
The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession.
This marks a dramatic turnaround in momentum since August, when some forecasters predicted a 50 percent chance of a downturn starting by the end of next year.
Many economists credit the Federal Reserve’s recent interest rate reductions and the slightly improved trade picture for propelling the stock market to fresh record highs and causing forecasters to bump up their predictions for how long the economy can keep growing and adding jobs without stumbling.
Comments are closed.
