Though Recession Fears Are Increasing, Evidence Is Still Lacking
Newsy
A Bloomberg prediction says a recession is 100% certain, while other economists say spending and market factors are evidence against that theory.
Fears of a U.S. recession are increasing weeks from a critical election that could be a referendum on President Joe Biden's approach to the economy.
An Associated Press-NORC poll shows the economy is top of mind for voters, ranking among the issues voters think will be most effected by the midterms' outcome.
"Majorities of Republicans and Democrats are deeply dissatisfied with the way things are going in the country and pessimistic about the state of politics," said Hannah Fingerhut, Associated Press reporter. "About seven in 10 say the outcome of this election will have a significant impact on the future of the country, and majorities also say it's going to greatly impact abortion policy and the economy."
