Yes, US economy may be slowing, but don't forget it's coming off the hottest year since 1984 – here's who benefited in 4 charts

While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks to fight inflation by raising interest rates. [...]before we fret too much about what 2022 will bring, I believe, as a financia...

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Bibliographic Details
Published in:The Conversation : Economy + Business 2022-04-28
Main Author: Blank, D Brian
Format: Newspaper Article
Language:English
Subjects:
African Americans
Coronaviruses
COVID-19
Economic growth
Equity
GDP
Gross Domestic Product
Hispanic Americans
Pandemics
White people
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Summary:While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks to fight inflation by raising interest rates. [...]before we fret too much about what 2022 will bring, I believe, as a financial economist who studies the decisions people and companies make with money and the resulting impacts, it’s worth reflecting on 2021, which saw the strongest economic growth in almost four decades. [...]the overall share held by white people fell to 83.6%, the lowest since at least 1988 and very likely the lowest ever.