How economists identify recessions and stagflation
How economists identify recession and stagnation – CBS News
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Preliminary data from the University of Michigan show that consumer sentiment or perceptions of the economy have declined for the second consecutive month. All of this is coming to a drop in spending in January, with some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O’Grady has more information on the sign of recession risk.
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