Recession Soon?? What It Means For You & Your Portfolio!!
Read summaryA recession occurs when the economy slows, leading to job losses and market declines. The technical definition is two quarters of negative GDP growth. The most recent recession was in 2007, but some argue it already happened in 2022. The National Bureau of Economic Research determines recessions, but their announcements can be delayed. Predicting a recession is challenging due to distorted data from government spending. It's crucial to analyze the data to accurately assess the economic situation. ⚖️📉📊
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