Why the recession we may or may not be heading for won't be that bad 💪
An update on three massive economic tailwinds 💨
Yes, unemployment would likely rise during the next recession, which would be unquestionably painful for those affected. But the losses could be limited and the duration of the economic contraction could be relatively short.
This is because the slowdown we’re experiencing right now is not the result of financial excesses on the part of consumers and businesses, which would’ve increased the risk of the bottom falling out of the economy. Rather, the economic lull has at least partially been manufactured by the Federal Reserve in its effort to bring down inflation by reining in demand.2
Here’s an update on how these tailwinds are looking:
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