pune.news on Nostr: Analyzing Economic Indicators: Is a U.S. Recession on the Horizon? ========== U.S. ...

Analyzing Economic Indicators: Is a U.S. Recession on the Horizon?
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U.S. equities sharply declined, impacting cryptocurrency market from $2.4 trillion to $2.09 trillion since July 29, 2024; Economists forecast imminent downturn despite previous claims of sidestepping recession; Real GDP growth at 1.4% in Q1 2024, down from 4.1% in H2 2023; Unemployment rate rose to 4.3% in July 2024; Five notable bank failures in 2023, including Republic First Bancorp in April 2024; Increased loan defaults and rising credit card debt; Prolonged yield curve inversion signals investor pessimism; Ongoing geopolitical conflicts affecting global trade; Persistent inflation leading to highest interest rates in 23 years; Economic indicators suggest potential recession or depression ahead.

#Economy #Recession #Gdp #Unemployment #Banking #Inflation #InterestRates #Geopolitics #FinancialIndicators #MarketTrends

https://pune.news/government/analyzing-economic-indicators-is-a-u-s-recession-on-the-horizon-236769/