Reported about 2 months ago
Despite some concerns about a slowing US economy, corporate America is discussing recession less than it has in three years. From mid-June to mid-August, only 28 S&P 500 companies mentioned recession during earnings calls, significantly below historical averages. Economists suggest that the lack of mention indicates confidence in future earnings, even as consumer spending shows mixed signals amidst a cooling economy. Recent data has led Goldman Sachs to lower the likelihood of a recession in the coming year to 20%, reflecting resilience in consumer behavior and earnings growth for many companies.
Source: YAHOO