Shoppers check out the products at a Safeway grocery store in Annapolis, Maryland. US inflation continues to rise despite the Federal Reserve’s best efforts. Photo: AFP
Shoppers check out the products at a Safeway grocery store in Annapolis, Maryland. US inflation continues to rise despite the Federal Reserve’s best efforts. Photo: AFP
Sylvia Sheng
Opinion

Opinion

Macroscope by Sylvia Sheng

Inflation will drag down growth, but US should avoid recession this year

  • Persistent inflation, widespread uncertainty and an increasingly hawkish Fed have spurred concerns that the US economy could slip into recession
  • While the risks of a severe downturn have risen, strong corporate and household balance sheets should provide a buffer against tighter financial conditions

Shoppers check out the products at a Safeway grocery store in Annapolis, Maryland. US inflation continues to rise despite the Federal Reserve’s best efforts. Photo: AFP
Shoppers check out the products at a Safeway grocery store in Annapolis, Maryland. US inflation continues to rise despite the Federal Reserve’s best efforts. Photo: AFP
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