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Can the U.S. avoid a recession? As inflation eases, optimism rises

January 12, 2023
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
A hiring sign at a job agency in Mount Prospect, Ill., on Jan. 3.Nam Y. Huh/The Associated Press For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging. Most economists pencilled in a recession for 2023. An economic downturn is still possible. Yet in recent weeks, with inflation showing widespread signs of easing, a more cheerful view has gained traction: Maybe a recession isn’t inevitable after all. One reason for the tentative optimism is evidence that an acceleration in U.S. wages, which has benefited workers...
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