Economy News Economy Is A Recession Coming Or Not

Treasury Secretary Bessent says there won’t be a US recession in 2026: ‘Very, very optimistic’

Bessent added that Americans will feel relief next year as Trump’s tariffs, trade deals and “big, beautiful bill” set in. Read More

Bessent ‘very, very optimistic’ about economy, says US will not enter recession

A report from the Bureau of Economic Analysis found that the economy grew at a 3.8% annual rate in the second quarter of this year. Read More

The 7 parts of the US economy that are already in a recession

From homebuilding to trucking, major parts of the US economy are in deep trouble. The weakness could drag the whole country into a recession. Read More

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

Recession and ‘stagflation’ loom as economic concerns

Given the level of uncertainty with the economy, labor market, and inflation, some economists have started talking about the possibility of a recession or even “stagflation.” The economy has been in ... Read More

How economic uncertainty is shaping Black Friday and Christmas spending frenzy

OANDA reports that economic uncertainty is reshaping holiday spending, with consumers prioritizing essentials and seeking discounts amid inflation fears. Read More

Trump's economic policy denounced as danger could have been avoided

The "danger" of Donald Trump's economic policy "could have been avoided" according to a political commentator who says the cost-of-living crisis is in a "perilous" state. Ramesh Ponnuru of The ... Read More

Recession seems far off - that's the good news. Yet the economy is also far from trouble-free.

Customers shop at the Apple Store on Fifth Avenue in New York to buy the latest versions of the company's popular phones and other items. Enough trouble spots emerged in the U.S. economy to coax the ... Read More

If New York or California enters a recession, the entire U.S. economy would be next. So how are they doing?

As two of the country's biggest states by GDP, their economies 'may be canaries in the coal mine,' one economist notes The economies of California and New York could be proverbial canaries in the coal ... Read More

CU Economist: Too early to ring recession bell, though not all signs are rosy

Look for recession indicators, and suddenly you might start seeing them everywhere. The U.S. stock market strung together consecutive days of losses last week despite a better-than-expected jobs ... Read More

New UHERO report forecasts recession for Hawaii’s economy

This line graph shows average daily visitor arrivals in Hawaii from the U.S., Canada and Japan. Courtesy photo With visitor numbers down in Hawaii and new federal tariffs weighing down the global ... Read More

Brace for a recession

Technocrats at the Planning Institute of Jamaica (PIOJ) yesterday signalled that the catastrophic fallout from Hurricane Melissa is likely to erode recent economic gains, increase unemployment, reduce ... Read More