What America’s next recession will look like
A painfully prolonged recovery may follow a mild downturn. Given the economy's strengths today, the next downturn ought to be mild. But even a mild recession must be followed by an upturn for the economy to return to total health. The Economist reflects on how, after two years of focusing on high inflation, low growth may move back to centre-stage as the economy’s principal problem.
From The Economist