Recession

Where to ride out an economic calamity.

The U.S. economy grew faster than expected in the July-September quarter, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve.

A committee within the National Bureau of Economic Research, a trade group, determines when recessions begin and end.

Due to the Covid-19 crisis, businesses across the U.S. were brought to an abrupt halt, which has affected some states more than others. Forbes recently released a list of the states that are best prepared for a deep recession, which we already be in. Wyoming is at the top of that list.

The IMF's assessment represents a breathtaking downgrade.

Any score below 50 suggests a shrinking economy.

The S&P 500 lost 5.2%.

The president also is pledging federal support for airlines struggling because of the pandemic.

He also said he sees a chance of recession and promised help to the struggling airline industry.

They expect economic growth to slow from 2.9% last year to 2.3% in 2019 and 1.8% in 2020.