Updated 2 months ago on . Most recent reply
When?? Next Phase of the Economic Cycle for the USA Economy
Hey,
High interest rates, economy hitting the fan, and cost of living crisis in the USA. Also, Jerome Powell and his data says there still a lot of inflation in the USA Economy.
The economic cycle consists of phase 1 expansion, phase 2 peak, phase 3 contraction, and phase 4 recovery. A country can be stuck on a specific phase for several years. That being said with everything going on in the USA since COVID politically and economically. I believe we are in phase 3 contraction phase as a country. Hopefully things get better in the next 2 years or less. Which phase do you personally think we are in and how do you think things will improve?