Five reasons why the US economy will go into a recession
US economy is somehow diving headfirst into a recession, that could be coming whether Americans like it or not. Probably, the Biden administration somehow brough this phenomenon on themselves, based on their various economic policies, and if things do not take the right course towards the end of the year, the future of the US economy could be in a rather dark zone.
What are some reasons for an incoming US recession?
Firstly, the bubble in the US housing market could be very well responsible for driving the economy into recession, and if that is not enough, the weakening labor market is surely going to do the honors within a matter of weeks or a few months. Even though unemployment rates have still stayed under the controllable mark for now, thing could begin to get worse over the course of time, suggest various industry analysts.
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Moreover, the markets have still not recovered from the Covid pangs, which had pushed almost the entire world into a lockdown scenario, hurting the economy in the worst way anyone could have imagined. Therefore, the US economy needs to come a long way in setting up its recovery charts in a manner that it stays in the balance for at least, the next three years.
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