Economists are divided on the risk of a U.S. recession. And the jobs data isn’t helping
- Academics and analysts have told CNBC a recession is everything from inevitable to unlikely over the last month.
- The continued debate reflects a split over whether to focus on falling GDP in real terms, or strength in personal spending and the job market.
- "We live in a period of multiple shocks – from Covid-19 over energy prices to political deglobalization – which make predictions extremely difficult," one economist said.