Wall Street Journal (June 8-9)
“The recession, predicted by business executives, economists, and investors, refuses to show up. Steady hiring continues to fuel consumer spending and, in turn, an economic expansion unlike any the U.S. has seen. Employers added 2.75 million jobs over the last 12 months,” with an unemployment rate “at or below 4% for 30 months, something that last occurred during the Vietnam War in the late 1960s and the Korean War in the early 1950s.”
Tags: Consumer spending, Economic expansion, Economists, Employers, Executives, Hiring, Investors, Predicted, Recession, U.S., Unemployment rate
Financial Times (November 5)
“Nearly two-thirds of Americans say they are no better off financially than when Donald Trump was elected, casting doubt on whether economic expansion and a record bull market will boost the US president’s re-election bid.”
Tags: America, Bull market, Doubt, Economic expansion, Financially, Re-election, Trump
Bloomberg (April 17)
“China’s economic expansion held up amid robust consumer spending, underpinning global growth and giving authorities room to purge excessive borrowing, while the industrial sector showed signs of modest slowdown.”
Tags: China, Consumer spending, Economic expansion, Excessive borrowing, Global growth, Industrial, Slowdown
