economics

From Data to Decisions: A Newcomer's Guide to the U.S. Recession, Consumer Shifts, and Business Tactics

Setting the Stage: What the Numbers Reveal About the Current Recession * GDP contracted 2.0% YoY in Q4 2023, the first negative quarterly figure since 2009. * Unemployment climbed to 3.9%, matching pre-pandemic highs. * CPI rose 5.4% YoY in July 2023, the fastest pace in 16 years. "The