Recession Coming Sooner Than Expected
You won’t believe when experts say a recession will happen.
President of Thru the Cycle John Lonski has just sat down with Fox’s Stuart Varney and revealed when he believes a recession in the United States will happen.
According to Fox, Lonski believes that as the Pandemic-era stimulus “is taken away,” the United States economy will once again begin to slow down and result in the unemployment rates rising once again.
This is what Lonski believes will spark a recession.
As for when the recession will begin, Lonski stated that he doesn’t think it will happen this year however he believes it could happen next year or in 2024.
WATCH:
Former Moody’s economist John Lonski:
“History tells us that anytime we have CPI inflation above 6% for an extended period of time, we have a HARD landing. It will be next to impossible to avoid a recession by 2024.” pic.twitter.com/n01rVYSBzz
— RNC Research (@RNCResearch) March 4, 2022
