5min chapter

Plain English with Derek Thompson cover image

The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?

Plain English with Derek Thompson

CHAPTER

Is There a Recession in the Economy?

I think that's the biggest thing is if all that excess savings gets spent. I don't know what's going to stop that short of people losing their jobs. The economy is so big and dynamic in the United States now that we could just see recessions in certain sectors that don't impact the entire economy. We're going to put a pin in housing because that is coming up after this next question.

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