Anxiety over a potential slowdown in the U.S. economy intensified on Monday as Wall Street and international exchanges saw sharp declines, sparking reactions from the 2024 presidential election candidates.Global shares began collapsing at the end of last week when investors grew alarmed at the prospect of a U.S. recession. A U.S. Labor Department report released on Friday showed American employers added 114,000 jobs, a significant drop from the 179,000 in June.
Despite recurring fears of an impending recession, these predictions have consistently proven wrong in the post-pandemic economy. Steady economic growth and robust hiring have endured against most analysts' expectations, the news outlet added.This comes as the 2024 presidential election is fast approaching, as Vice President Kamala Harris and former President Donald Trump are expected to face off in November.
France Dernières Nouvelles, France Actualités
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