Is the US Economy in Recession? War or Not, Stats Say Yes
A recession is generally categorized as a period of economic decay and decline. This phase is marked statistically as a period where two successive GDP quarters report stagnant metrics. A period marred by low industrial activity and trade, the US seems to be living in that era, even though the economy looks pristine from the outside. The latest recession stats are portraying a different story, claiming that the US is indeed in recession, with growing signs of uncertainty gnawing at the US economy. Also Read: 22,000 Federal Jobs Lost: Warning Sign for US Economy? US Economy In Recession, Stats Confirm Source: business-standard.com / Illustration: AJAY MOHANTY Per the recent update by the Kobeissi Letter on X, the US economy is showing signs of early recession. A leading recession indicator known as the Conference Board Leading Economic Index has now fallen by 0.1% in May. The index has posted its sixth decline on a monthly basis, spreading ominous fears of recession in the space. Moreov...