I know the media has been talking about this being possible for sometime. I was just curious if it seems to you that it has quietened down a bit? Do you think we are still heading to a recession, and if so why or why not?
2007-01-21 23:32:57 · 6 answers · asked by Anonymous in Social Science ➔ Economics
The economy will almost certainly slow down from last year. Whether or not this meets the technical definition of a recession (2 quarters of consecutive negative growth) is never a certainty.
If the inflation numbers stay good, however, I wouldn't look for anymore rate hikes. Plus, erratic rate hikes are not how the Fed typically handles itself, anyway.
2007-01-22 00:26:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Nope, the US media is obsessed with scenarios of impending doom, which is why they have such a fetish for recessions. But there appears to be little or no reason to expect it, aside from the reality that there is always maybe a 12-15% chance of it in any given year.
2007-01-22 05:39:30 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
With the price of oil stable at the moment, I don't think a recession is on the cards.
2007-01-25 22:23:02 · answer #3 · answered by Chris 5 · 0⤊ 0⤋
No. Our economy is fine, The media has to keep us worried to make a profit. The worse thing that I can think of happening is raising our taxes. If you recall, JFK was also against that.
2007-01-21 23:50:08 · answer #4 · answered by DrB 7 · 0⤊ 0⤋
Recession?
I wonder if the 50% of the homeless who are families with children think we are in a recession? I wonder if the BILLIONS being spent in Iraq would help them any?
2007-01-21 23:41:57 · answer #5 · answered by Anonymous · 0⤊ 2⤋
No. According to the IMF the UK economy's growth has been "impressive" and will continue to grow.
2007-01-21 23:48:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋