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The U.S. economy's chances of avoiding a recession seem stronger now than a few months ago, according to The Wall Street Journal. However, there are concerns about a potential recession in 2024, with The Economist and Bloomberg Economics suggesting a UK recession may have already begun. Despite this, some analysts, such as NorthmanTrader and GerberKawasaki, are optimistic about the economy, citing underlying demand, employment changes, and potential positive outcomes for stocks and bonds in 2024.
A UK recession probably already has begun, per Bloomberg.
I don’t think we will have a recession next year. The economy has slowed but still lots of underlying demand. The employment picture has changed for sure. With lower rates and higher earnings, could be a very good year for stocks and bonds in 2024…
Recession callers: How can you have a recession with this running through the economy? Serious question. https://t.co/eMw0imVCKA
A UK recession probably already has begun, an analysis by Bloomberg Economics shows https://t.co/RFR6wWYMTj
A UK recession probably already has begun, an analysis by Bloomberg Economics shows https://t.co/xSQyWsfUFl
A UK recession probably already has begun, an analysis by Bloomberg Economics shows https://t.co/vSBKD0CWmZ
Oops, recession 2024 suddenly a consensus again? The Economist here https://t.co/0S140bop8p
Heard on the Street: The chances of the U.S. economy avoiding a recession seem stronger now than they did even a few months ago https://t.co/A7dhcciUMq https://t.co/A7dhcciUMq