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It'll take a lot to push this stubbornly strong economy into recession πŸ’ͺ
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It'll take a lot to push this stubbornly strong economy into recession πŸ’ͺ

A downtick in demand isn't enough to offset major tailwinds πŸ’¨

Sam Ro, CFA
Apr 18, 2022
7
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It'll take a lot to push this stubbornly strong economy into recession πŸ’ͺ
www.tker.co

We got an interesting and telling piece of economic data on Friday.

Industrial production activity in March rose 0.9%, according to Federal Reserve data. This followed a strong 0.9% growth rate in February and 1.0% rate in January. It also surprised a lot of economists: The consensus forecast was for growth to decelerate to 0.4%.

The news came as some economists have been warning of recessionary risks as the Fed tightens monetary policy amid a worrisome rise in inflation, which has only been exacerbated by the war in Ukraine.

So, what’s happening?

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