[Opinion] Opinion: It's time to prepare for a recession

It's time to prepare for a recession

Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business PerspectivesThe economy is close to entering a recession, perhaps as soon as this year. To avoid taking too much of a financial hit, Americans will need to prepare.Last summer, we wrote that US economic growth was already starting to slow and the economy would keep decelerating in the coming months. That is already proving to be true, with year-over-year GDP growth declining from …

It's time to prepare for a recession

Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business PerspectivesThe economy is close to entering a recession, perhaps as soon as this year. To avoid taking too much of a financial hit, Americans will need to prepare.Last summer, we wrote that US economic growth was already starting to slow and the economy would keep decelerating in the coming months. That is already proving to be true, with year-over-year GDP growth declining from …

It's time to prepare for a recession - Local News 8

Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business PerspectivesThe economy is close to entering a recession, perhaps as soon as this year. To avoid taking too much of a financial hit, Americans will need to prepare.Last summer, we wrote that US economic growth was already starting to slow and the economy would keep decelerating in the coming months. That is already proving to be true, with year-over-year GDP growth declining from …

Opinion: It's time to prepare for a recession

There is a toxic brew of external economic headwinds, including the war in Ukraine and Covid lockdowns in China, resulting in supply shocks that boost inflation and slow growth.