Is the US in a Recession?

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Some economists say, even though we haven't been officially declared to be in a recession, they kind of think we may already be in one now that we'll only find out later. And you've seen cases going back to the financial crisis in which actually the recession then was started much earlier than the data initially showed. The feeling is that if the US isn't in a recession now, it might soon be based on the forecast,. Based on the huge amount of interest rate hikes that the Fed has delivered in the past year.

Economists have more information at their fingertips than ever before. And yet, in many ways it’s become more difficult for them to predict if–and when–a recession is coming.

Why is that? US economy reporter Katia Dmitrieva joins this episode to talk about how economists peering into the future are turning to all kinds of tools–some expected (employment data), and others….not so expected (men’s underwear?).

And Simon Kennedy, who leads Bloomberg’s economic coverage, gives his answer to the question on everyone’s mind these days: will there be a recession this year, or not?

Read more here: https://bloom.bg/400cafw

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