MetLife Invest… - Fri, 07/02/2021 - 21:22

Just Because You Call It a Recession Doesn’t Make It One

Although the COVID crisis caused significant economic disruption and has been defined as a recession, actions to stabilize the economy eliminated many of the positive effects that recessions can have including the failure of non-productive businesses. As a result, it is unlikely we are in a new business cycle. Rather, it is more likely we are returning to the business cycle of early 2020, albeit with significant changes to consumer and monetary and fiscal authority balance sheets.

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