What to Expect From Crypto in a Recession
Whenever President Joe Biden starts to discuss a possible recession, news outlets and the public start to get a little wary. In the coming weeks, we can expect arguments to arise on whether the U.S. is actually in a recession, but one thing is clear -- we are teetering on the edge.
To get a gauge on the economy, close attention is usually paid to the nation's gross domestic product (GDP) as a key indicator. If GDP declines for two consecutive quarters, recession calls start to heat up.
While a recession is dependent on a host of factors like unemployment, industrial output, retail sales, and income, many worry that an extended recession might be looming since macroeconomic factors like inflation and supply chain issues aren't resolving as quickly as originally hoped.
Source Fool.com
