Micron Associates: Who is on the recession?
posted by satolc 16 hours ago under us economy recession, micron associates economy updates, micron associates-who is on the recession-, micron barcelona madrid financial news
The co-founder of the Economic Cycle Research Institute, Lakshman Achuthan told Micron Associates that we are already in a recession. Having this fact on our minds is like a big hit on of the head. He also correct that recession do not have to be cliff-like collapses such as the one the U.S. suffered in late 2008. But it’s going out on a limb to say that the U.S. is already in recession when the median forecast of economists for the economy to grow at an annual rate of 2.2 percent in this quarter and the next. Micron Associates wanted to clarify that recession is just about the economy that is not operating below the capacity, but outright shrinking. So even if the economy is profound in a hole but is not going deeper, it is not in recession. » Micron Associates: Who is on the recession?
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