Recession Chances Reach New High

Recession Chances Reach New High
Photo by Alexander Mils / Unsplash

Here's what you need to know.

Recession fears have reached an all time high and consumer spending is dropping throughout the country. This is increasing the chances of an upcoming recession.

Many individuals have reduced their spending and have started to save rather than buy essential goods. This is hurting the economy in many ways and is very bad for the economy.

Experts suggest that increase in saving will start a recession.