IMF: US Economy Looks Strong Enough to Avoid Recession

Economic growth will likely slow but it is expected to remain stay positive. It is too early to talk about the risk of a recession in the US, where growth is likely to remain positive for the near future even as it slows down, according to the International Monetary Fund’s new chief economist.

Russia’s invasion of Ukraine has delivered a “sizable shock” to the global economy that will challenge policy makers to tame inflation without quashing growth, Pierre-Olivier Gourinchas said in his first interview since taking the job in January.

Still, “we’re not looking at a recessionary environment in the US, at least in the near future,” he said. “What we are seeing is along the lines of a slowdown in growth but still solidly in positive territory.”