Wieting: Recessions Do Sneak Up a Bit

The video discusses the current economic outlook, focusing on recession odds in G7 countries. The UK, Japan, and the US show varying recession probabilities, with the UK seeing a significant drop. The US labor force has grown, boosting economic optimism. However, the video warns of potential risks if demand outpaces supply, leading to a possible future recession.

Which country's recession odds dropped by almost half since August?

• Germany

• United States

• United Kingdom

• Japan

What is a characteristic of recessions according to the video?

• They tend to sneak up unexpectedly.

• They are usually caused by natural disasters.

• They often come with clear warnings.

• They are always predicted accurately.

What significant change occurred in the US labor force this year?

• A decrease in labor force participation.

• Over 2 million people joined the labor force.

• A significant increase in unemployment rates.

• A decline in productivity growth.

What is the potential risk of fiscal stimulus late in an economic recovery?

• It reduces the risk of recession.

• It guarantees long-term growth.

• It may result in a boom-bust cycle.

• It can lead to a balanced economy.

What must be matched to avoid a deeper recession in the future?

• Imports and exports

• Demand and supply

• Fiscal and monetary policies

• Inflation and deflation