Is Missouri Gearing Up For a Recession in 2024?

(MissouriNet) Hold onto your money – a recession could be on the 2024 horizon. Southeast Missouri State University economist David Yaskewich says the harder it is to bring inflation back down to two percent, the risk of a recession increases. Despite that, he says there is still optimism in the U.S. economy…

“There are concerns and there are uncertainties, but it could be worse and it is worse in other parts of the globe right now,” he says.

According to Yaskewich, parts of the economy are fairly strong, particularly the labor market, but he’s uncertain how long it will last. He says federal spending has a minimal impact on the inflation we’ve experienced over the past year.