Unemployment is low, wages are finally outstripping inflation, inflation is falling and there is huge investment in factories and infrastructure.
It doesn’t appear that a recession is on it’s way but rather the free money that was flowing into the IT sector is causing all these companies to become profitable fast.
The truth of the matter? No one really knows. Large economies are very difficult to forecast reliably and consistently. I hope you’re right and it’s all continual growth for the next couple of years, at the very least. But, like the first article I linked mentions, fed hikes can have a 18-24 month lag time to see real world impacts on various industries and we’re soon approaching the first of that timeframe.
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Unemployment is low, wages are finally outstripping inflation, inflation is falling and there is huge investment in factories and infrastructure.
It doesn’t appear that a recession is on it’s way but rather the free money that was flowing into the IT sector is causing all these companies to become profitable fast.
Thus the lay-offs.
It’s not always as simple as that, though.
https://fortune.com/2023/10/01/recession-still-likely-and-coming-soon-6-reasons-why/
And one that agrees with you:
https://www.reuters.com/markets/us/with-gallic-shrug-fed-bids-adieu-recession-that-wasnt-2023-08-16/
The truth of the matter? No one really knows. Large economies are very difficult to forecast reliably and consistently. I hope you’re right and it’s all continual growth for the next couple of years, at the very least. But, like the first article I linked mentions, fed hikes can have a 18-24 month lag time to see real world impacts on various industries and we’re soon approaching the first of that timeframe.