Don’t Count Your Recession Before It’s Hatched ...Middle East

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Don’t Count Your Recession Before It’s Hatched
source : The New Republic ( Middle East ) () 13
It’s time to talk about the R-word.“Economy shrinks 1.4 percent in first 3 months of year, raising recession fear,” says a Washington Post headline. A recession is two consecutive quarters’ decline in Gross Domestic Product. The Post’s normally judicious Catherine Rampell all but predicts we’ll record a second quarter of decline three months from now, noting that “historically, most of the times the Fed has raised interest rates to get inflation under control, it (accidentally) tipped the economy into recession.” Deutsche Bank predicts “a significant recession by late 2023.” Such an outcome would pose a mortal threat to Democrats in the midterms, the 2024 presidential election, or both. But

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