US not heading for a recession, says noted economist Adam Posen
United States may not be on the brink of recession as being claimed by major economists as per latest revelation by popular economist Adam Posen, who has claimed that the scares of an imminent recession may actually be far away. His view has opposed the concept of many other economists who have raised the alarm of a major US recession.
Adam Posen highlights recession causes
Adam Posen is in no mood to listen to anything hinting a nearby recession in the US markets, and is suggesting that other market factors are not being taken into account when considering the possibilities of an impending recession. Productivity growth, fiscal policy, supply shocks, and trade policy are some of the major contributing factor when it comes to understanding the causes of any impending recession.
Post-pandemic scenario shows labor market stabilizing
The post-pandemic scenario in the United States has seen a major uptick but is still on the verge of recovery as per the latest data available. The labor market is still stabilizing after the drastic effects of the pandemic, which has made it indeed tough to bounce back from the current scenario.
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Posen is of the opinion that the labor market stats as well as other relevant numbers do not add up to any pending recession. Interest rates could also have a major impact on the course of the economy as per the reports. However, the place the US economy has got to as of now, is still something worth celebrating, suggests Posen.
The Presidential Election also has a major chance of influencing
