Signs of an Impending 2024 Recession, Says Citi's Top Economist Despite the seemingly robust indicators of historically low unemployment, strong consumer spending, and solid GDP growth, the US is on a path towards a recession by mid-2024, according to Citi’s chief US economist. While recent data, including a blowout January jobs report adding 353,000 jobs, paints an optimistic picture, deeper analysis reveals concerning signs. The labor market, a critical component of economic health, exhibits vulnerabilities such as a decline in the number of hours worked, a reduction in full-time employment, and a hiring freeze in sectors like the restaurant industry. These underlying issues suggest that the surface-level economic strength may be misleading, signaling potential trouble ahead for the US economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Russian grain chief says BRICS exchange idea gaining traction READ MORE U.S. Job Surge Puts Pressure on Fed's Inflation Strategy READ MORE The Looming Disaster in Commercial Real Estate Explained READ MORE Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment