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CPA Voice: Are we still dodging that recession bullet?
Written on Feb 15, 2024
The U.S. economy has been able to avoid entering a recession for the last two years, with many left wondering how long this can continue.
“The fact is that forecasting the economy is studying a constantly moving target,” writes Chris Kuehl, Ph.D., co-founder and managing director of Armada Corporate Intelligence, in the January/February issue of CPA Voice. “It is, after all, based on human behavior and there is little that is more variable than that.”
When considering the effects surrounding fears and surrounding fears of a recession, Kuehl notes that there is an important caveat to consider regarding the size of the U.S. economy.
“Every state in the nation has a GDP that compares to a national GDP,” he writes. “What this means in terms of recession and the economy is that the United States never really experiences a universal recession. There is always a part of the country that is growing and a part that isn’t.”
Kuehl writes that there are at least five reasons why a recession could be imminent, but there are also reasons that point to the economy continuing to dodge a recession. He details these reasons in the remainder of the article.
Read the article available now in the January/February issue of CPA Voice.
Read the entire article available online now.
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