U.S. ECONOMY SEEN AS RESILIENT, NO RECESSION IN SIGHT đž
While the August jobs report was below expectations, Torsten Slok from Apollo believes the U.S. economy is far from recession. Hereâs why:
đ Unemployment is falling, and wage growth is accelerating, both positive signs of economic strength.
đł Consumer spending remains robust: Debit card transactions and retail sales show people are still spending steadily.
đ Low default rates and stable jobless claims indicate financial stability across households and businesses.
đŹ Soft Landing: Slok suggests the economy is managing a controlled slowdown, avoiding a recession despite earlier fears.
đ Do you agree with this outlook? Share your thoughts below!