Research Shows Fears are Rising as Economy Hurtles Towards Recession
August 9, 2022 (Investorideas.com Newswire) A new study by Safe Trade Binary Options shows that the number of US Google searches for 'recession' is growing as worries mount that an economic slowdown is on the way.
Research shows that recession-related searches peaked twice, once July 12-18, and then for a second time July 24-30. Data analysis suggests that Californians are most concerned about the state of the economy, with the most Google searches on this topic. Texans are similarly concerned, with residents of Idaho, Florida, and Utah also keen to find out more. Those in Alaska and West Virginia appear least concerned and have performed the fewest searches for information around a potential recession.
The technical definition of a recession is a decline in GDP for two consecutive quarters. While this has happened in the USA, there continues to be a strong labor market and other contradictory signals. Fueling confusion, President Biden has also stated that the USA is not currently in recession. The July 24-30 online peak coincided directly with that statement.
Emma Collins, CEO of Safe Trade Binary Options, says, "The US currently fulfills the official definition of recession. The housing market has slowed significantly, income and consumer spending are falling. At the same time, Federal Reserve actions and continuing inflation are a cause for concern. But, the White House says the economy isn't in recession and some sectors continue to be strong. With so much confusion, it's not surprising to see a spike in online searches as Americans look to understand what's really going on."
It is standard for stock prices to drop during a recession, and with a highly volatile market, severe ups and downs are to be expected. These swings are typically caused by sudden risk on sentiment and are not always indicative of the true economic landscape.
Safe Trade Binary Options is keen to ensure that investors and traders continue to make smart financial decisions, no matter what. The team states that it's important to remember that recessions are not new, nor are they particularly uncommon, occurring roughly once every five years in the United States. The average recession lasts for just over 11 months, with the economy 'bouncing back' each time. A rise in stock prices is often one of the first signs of recovery.
To find out more, visit safetradebinaryoptions.com
About
Safe Trade Binary Options brings together a strong team of experienced market analysts, traders, and economists to provide reliable trading information for crypto, forex, and binary options. The platform features high quality education videos, expert opinions, guides, and tutorials for new traders and investors. It uses sophisticated calculations combining historical and actual data to predict future crypto prices, currency, options, and more.
Contact
Dakota Digital
Media contact: Rebecca Appleton
Email: Rebecca@dakotadigital.co.uk
Tel: 01623 428996
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp