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Tuesday, March 19, 2024

Bank of America shares 12 charts that show that the economy is about to enter a full-blown recession

By Matthew Fox, Business Insider

Fears of an imminent recession have reached a fever pitch this year, with everyone from Wall Street market strategists to company CEOs warnings of a slowdown in the US economy.

But so far, no recession has materialized as the jobs market and consumer spending have remained fairly resilient.  

But according to Bank of America, there are plenty of signals that suggest a recession has not been avoided. These are the 12 charts that indicate the US is on the verge of entering a full-blown recession, according to Bank of America’s Michael Hartnett.

1. A decline in manufacturing activity

ISM data

Bank of America

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