News Formal

'Hard landing' still a risk for US economy, and stocks face `tough going'

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Nigeria News News

Don't rule out a 'hard landing' for the US economy and that means it's still 'tough going' for stocks, forecaster says

The US economy still faces the risk of a `hard landing' - or a sharp and disruptive downturn - despite some upbeat data that was reported earlier this year, according to a top forecaster at the Economic Cycle Research Institute.

"The weekly leading index's level is coming back down. For there to be an end through our hard landing outlook - which would be kind of looking at the bottom of the business cycle in a recession - that indicator really has to make a pronounced pervasive and persistent upturn. We're not there yet," Achuthan said. Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the Very Tough Business of Trying to Disrupt MediaGrid News, a one-year-old start-up, shuttered this week after getting acquired by The Messenger, which launches next month. Grid promised a different kind of news. The Messenger has even loftier ambitions. Will this media marriage work?
Source: VanityFair - 🏆 391. / 55 Read more »