economy
The rapper who railed against corruption now set to be Nepal’s new leader
Before he dismantled Nepal’s political elite, Balendra Shah was destroying his opponents in underground rap battles.
TL;DR
- Economists and analysts increasingly see signs of an impending U.S. recession.
- Headwinds include inflation, rising interest rates, a tight labor market, and geopolitical instability.
- Economic indicators show a divergence, with some strong (consumer spending, employment) and others weak (manufacturing, housing).
- There is division among economists regarding the severity and duration of a potential recession.
- Businesses are cutting costs, reducing hiring, and delaying investments.
- Consumers are becoming more cautious, cutting discretionary spending and increasing savings.
- A recession raises concerns about job losses and economic slowdown, but could also help control inflation and spur innovation.