Slowcession? Richcession? Or just recession?
Whether in the supermarket aisle, or the corporate suite, a lot of people are expecting a recession – even if there’s no certainty there will be one at all.
Survey after survey shows fears of recession are high. It’s easy to see why.
The Federal Reserve is increasing interest rates in the most aggressive fashion since the early 1980s as it races to bring down inflation. And a recession is often the consequence when the central bank starts raising borrowing costs.
The prospect of recession is certainly scary. But even if the U.S. is headed for one, it’s worth keeping in mind that no two recessions are alike.
A recession could be blip-ish, like the short, pandemic-induced one in 2020, or more like the economic tsunami that followed the 2008 housing meltdown.
So, from recession with a small r to the so-called soft landing, here are some of the current predictions of what kind of economic slowdown the U.S. could be facing.