What is a Recession? According to economist Jesse Edgerton of JPMorgan Chase a Market Research Consulting Company, “a recession fundamentally is an outbreak of pessimism” that causes consumers and businesses to rein in spending. Currently, the global economy is at an all-time high, but many analysts see a thunderstorm in the future, soon to hit the clear skies of the global economy. According to analysts, the economy is in its best shape since the Great Recession of 2007 to 2009. Unemployment is at an all-time low, and average wage growth is expected to grow by the end of the year. And the economy is projected to grow by nearly 3% in 2018. The economy is expanding and growing, yet, many economists and analysts foresee a recession as early as next year.
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