HEAD TOPICS

Curmudgeons Face Tough Times as Recession Fears Fade

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 50 sec. here
  • 8 min. at publisher
  • 📊 Qulity Score:
  • News: 44%
  • Publisher: 77%

A soft landing for the economy is becoming a strong possibility, particularly in the United States, as fears of a recession fade away. However, the Canadian economy is showing less encouraging signs.

Curmudgeons, Recession, Economy, Soft Landing, United States, Canada

It’s tough times for curmudgeons. After a year of tapping our feet, waiting for a recession that seemed inevitable to sweep across North America, we are now being forced to admit that, darn it, things might turn out to be just fine. A soft landing for the economy is far from certain but it has gone from a faint hope to a strong possibility, particularly in the United States. Only six months ago, a majority of economists expected the United States to slide into a downturn over the coming year.

Now the consensus calls for no recession. Granted, the Canadian picture is less encouraging. Eric Lascelles, chief economist at RBC Global Asset Management, pointed out in a recent report that retail sales per capita in this country are already sliding. Meanwhile, business surveys are registering more woe-is-me than a country-and-western song. All of this would be consistent with a downturn soon. Even in Canada, though, the overwhelming probability is for a mild recession at wors

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:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Soccer-Real face tough game against one of Italy's best in NapoliNAPLES, Italy (Reuters) - Real Madrid are set to play one of the best teams in Italy in what promises to be their toughest group stage game, coach ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Rugby-Scrumhalf Arata returns as Uruguay face tough task against FranceBy Lawrence White BORDEAUX (Reuters) - Uruguay welcomed back scrumhalf Santiago Arata, star of their 2019 World Cup victory over Fiji, as they named ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Hamilton Tiger-Cats face tough home contest with Winnipeg Blue BombersThey don't face another ridiculously quick turnaround but it's another tough week for rookie Taylor Powell and the Hamilton Tiger-Cats.
Source: PGCitizen - 🏆 65. / 51 Read more »

Hamilton Tiger-Cats face tough home contest with Winnipeg Blue BombersThey don't face another ridiculously quick turnaround but it's another tough week for rookie Taylor Powell and the Hamilton Tiger-Cats.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Hamilton Tiger-Cats face tough home contest with Winnipeg Blue BombersThey don't face another ridiculously quick turnaround but it's another tough week for rookie Taylor Powell and the Hamilton Tiger-Cats.
Source: SooToday - 🏆 8. / 85 Read more »

Hamilton Tiger-Cats face tough home contest with Winnipeg Blue BombersOn Saturday afternoon the Ticats host the Winnipeg Blue Bombers (10-3), who are coming off a 51-6 home victory over the Saskatchewan Roughriders.
Source: TSN_Sports - 🏆 80. / 51 Read more »