America’s Economy on the Edge
While the US economy appears to have avoided a recession so far, many forecasters still expect a mild one in the coming months, and leading economic indicators have continued their 14-month decline. The situation is precarious, and much will depend on fiscal and monetary policy.
STANFORD – Most major economies are flirting with, or tipping into, recession. While Canada and Sweden appear to have just pulled themselves back from the brink, Germany, Europe’s largest economy, is already in a technical recession, following two consecutive quarters of negative growth.