Surveillance: US Jobs Data Gives Mixed Signals
Bloomberg Surveillance
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Is There a Two-Year Recession?
We do think the U.S. economy and others across the developed markets will flip into recessions, going into the first quarter, that last into the second. The reason for that is that you were already seeing what we call final domestic demand, but just real demand in the economy growth in that. That was already slowing this year. And on top of that, we've seen pretty dramatic negative shocks to the economy.
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