US recession looming, strategist warns ...News

Indicators point to an impending economic downturn, according to the expert The US is on the brink of recession judging from its “brutally bad” economic data, Chris Watling, chief executive of financial advisory firm Longview Economics, said in an interview with CNBC this week. According to the strategist, one of the factors pointing to a looming recession is the latest reading of the Leading Economic Index for the US, which fell by 1.2% in March, its lowest level since November 2020. Furthermore, the standard timeline for a recession is about one year after the inversion of the Treasury yield curve, when yields o

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Last updated : 23 April 2023 clock 01:48 PM

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US recession looming, strategist warns ...News

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