The recession has become less common in the US over time, according to official data from the NBER. However, some economists challenge this claim, pointing out flaws in historical economic data. Despite this, factors like a more diversified economy and better economic data should make the US more recession-proof than before.
While concerns about a possible recession loom, the US economy has not yet entered a downturn. Recessions often lead to job losses, business closures, and economic hardships that can linger for years. However, the frequency of US recessions has indeed decreased, especially compared to past historical data.
The US economy’s shift to a more services-oriented structure and improving economic indicators have bolstered its resilience against economic downturns. Yet, challenges remain, with potential risks from various factors that could trigger a recession in the future. Policymakers continue to navigate economic stability to avoid downturns while ensuring sustained growth and employment opportunities for Americans.
