Recession in the US can have disastrous consequences for India. Long-term trends confirm our GDP growth rate can slip more than 7.2 per cent in FY23.
The clearest signal that a recession is under way, economists say, would be a steady rise in job losses and a surge in unemployment. Many economists also monitor changes in the interest payments, or yields, on different bonds for a recession.
U.S. job growth beats expectations; unemployment rate fall 3.5% Nonfarm payrolls increased by 528,000 jobs last month, the Labor Department said in its closely watched employment report on Friday.
Data for June was revised higher to show 398,000 jobs created instead of the previously reported 372,000.
Recession likely towards the later half of 2023, at this point, there are lots of jobs
“We are in a bear market rally. The fundamentals are still very poor, the outlook is still very poor. We saw all the earnings reports come out, good earnings and good revenue in some cases but the outlook remains poor across the board.
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