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The US economy already looks like it’s in a recession, Danielle DiMartino Booth says.
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The chief strategist of QI Research pointed to weakness in the job market, with layoffs rising.
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She said that put the economy in a rocky state, especially with US debt taking looking like China’s.
The US economy is already in a downturn — and it could be following in the footsteps of China as the government assumes a growing amount of debt to prop up growth, Danielle DiMartino Booth, a veteran forecaster, says.
The chief strategist of QI Research has said for months that the US economy is already in a recession, despite Wall Street’s upbeat outlook for a soft landing. But a downturn is evident in the weakening job market, Booth said, pointing to recent downward revisions in monthly job-growth figures.
The job market remains on solid footing by historical standards. The economy added a more-than-expected 303,000 jobs in…
