Economy

Economists are divided on the risk of a U.S. recession

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Nobel Prize-winning economist says he doesn't see anything that resembles a recession in the U.S.

Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already in one? 

More than a month after the country recorded two successive quarters of economic contraction, it still depends who you ask. 

Steve Hanke, professor of applied economics at Johns Hopkins University, believes the U.S. is headed for a “whopper” of a recession in 2023. While Stephen Roach of Yale University agrees it will take a “miracle” for the U.S. to avoid a recession next year — but it won’t be as bad as the downturn of the early 1980s. 

Yet the Nobel…



Source cnbc.com

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