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6 reasons a recession is in the cards soon ...Middle East
While the summer brought lower inflation rates, higher jobs rates and boosts of consumer spending, Bloomberg Economics is warning a recession is more likely than not happening soon. Citing the ongoing autoworkers strike, the return of student loan repayments and the looming threat of a government shutdown after Congress's short-term spending bill lapses in November, Bloomberg predicted at least a percentage point decrease in GDP growth in the fourth quarter. Here are six reasons a recession is likely to hit the U.S. soon, according to Bloomberg Economics. Soft landing calls 'always' precede recessions Referencing data that showed optimism about the economy often peaks before
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