By: Economic & Finance Report

There seems to be a lot of chatter about recession being on the horizon, and certain targeted points also seem to reflect this; hence increased of gas prices (especially in New York City & California have reached as high as $5/gallon); the increased costs of food at grocery stores and restaurants and other leading indicators that have projected such a discussion.

Some analysts and experts have already reduced their 2022 GDP outlook because of what’s going on in Europe and how prices have jumped within the past few weeks. There are some other indicators that speculate that recession talk is getting ahead of the curve because growth seems to be occurring after the post coronavirus pandemic and consumer buying sentiment is improving even though prices across the economic sphere has shifted and risen. Some would say that recession chatter is just that, “chatter”. Time will surely tell if all the “chit chat” about recession is real or full of talk. -SB

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