Is a recession looming?

ABC News’ business correspondent Alexis Christoforous takes a look at the warnings from economists about a pending recession. Plus, how it could affect you and what you can be doing to prepare.

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[shaf]

Recession or not people are still struggling.

[ellaaysun]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Catalina Soto Busch my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[crabbcake]

Of course it is. Trump and Karoline basically told everyone in the world to ff- off . And the more obvious its creating a problem - her and Trump double down on reckless banter.

[luthersimmons]

A recession is an understatement. A second Great Depression is what's gonna end up happening at this point.

[gregorbos]

My 401k was doing great on January 20th. Wonder what happened in just 2 months?

[AsuSun-kr]

Recession is coming.. my neighborhood starting to sell there homes.. cars for sale on each corner.. I know people laid off . Arizona

[staroftheshow]

I refuse to buy any major purchases this year.

[Latenightnonsense-tdyd]

“No, we’re not in a recession, but here’s how to prepare for a recession” . 😂 I applied to about 50 jobs this week with nothing but auto rejection letters. Prepare for fake job postings and lots of rejection, that’s how. 😢

[platiusmango]

I would call it a "Depression" given our new president has depressed the Two Thirds of us that are sane.

[SophiaSchmidt-ww]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[jimmattson]

Yes, we are highly likely to have a recession soon. Now imagine a recession with inflation. That will be ugly! 😱

[RefreshingShamrock]

You could've told me we've been in a recession for the last 5 years and that would've sounded like a more believable story than "Is a recession looming?"

[Maestro.]

Telling people who are struggling to make minimum payments to pay off credit card debt.

[kchiker]

One of my credit card's borrowing limit just got reduced from $28K to $20K. Looks like banks are already trying to reduce risk. It's a credit card I keep as a back up, so no big deal.

[gregorykruszynski]

Try to get a low interest rate loan ? That’s like saying get some cheap gold, I don’t think that’s possible.

[ivanjones]

Crash is coming conserve your dollars and a real-estate melt down.

[brianarnold]

WHY ARE UNEMPLOYMENT CLAIMS BEING DENIED ?? LAID OFF - LAK OF WORK !! NO FAULT Of YOUR OWN !!! DENIED 💯 FACTS ....

[Izod-kp]

Cannot be held in its clutches. It is finished

[ckim]

If we’re asking this question is most likely not going to happen. What’s more likely to happen is akin to what occurred during the 60s and 70s

[brianoleson]

its not a recession for the 1st time in 95 years, pandemic > m2 money supply contraction > speculated bubbles > severe tarrifs DEPRESSION