What broke U.S. recession indicators? Moody’s Analytics chief economist Mark Zandi warns that a recession may arrive in the second half of 2023 and to be cautious. Watch the video to learn more.
In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. With unemployment at the low rate of
Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. "These two massive supply shocks have hit the economy at roughly the same time," Zandi said, which makes interpreting the data about the economy particularly challenging.
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