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New Yorkers are largely divided on their view of whether the U.S. economy is currently experiencing a recession, a contrast from the left-leaning media agents agreed with the belief that the country was not in a recession.
“I don’t think we’re in a recession,” one New Yorker told Fox News Digital on Monday. “I think technically – some indicators maybe, people can say. To me, it looks like we’re in a recession.”
He went on to acknowledge rising prices, but said that the White House and the Fed are “doing their best” and that the economy as a whole is doing pretty well, especially compared to other countries.
Another woman Fox News Digital spoke to near Times Square said they don’t feel like the country is currently going through a recession, despite feeling it before the city reopened later. there strict COVID restrictions.
“I don’t feel there’s a recession, you know, they’ve opened up — there’s a lot of jobs. We’re still in a pandemic, but I don’t feel like it’s a recession because people are in a recession. work. They can go out,” she added.
One man speaking near Radio City Music Hall said some parts of the economy are feeling “a little harder” than others, but for many in New York City, it’s is “normal life.”
“Inflation has an impact. But, these things come and go. It’s a cycle. I think we’re going to have a pretty good recovery and I’m optimistic. I don’t like to label everything a recession just because it’s a recession. the media is saying one thing or another — I think we’ll be fine,” he added.
But other New Yorkers are adamant that the country is in a recession, and in some cases have led the media and politicians to conclude otherwise.
“It’s a recession,” said another New Yorker. “They’re trying to change the definition, aren’t they? So I think the definition is two quarters, and then a recession. So it’s been two negative quarters for GDP, and they still say that’s it. not a recession.”
He added the media is trying to ignore the “fact” that there is a recession and their views change depending on whether a Democrat or a Republican is in office.
Another New Yorker said she wasn’t “too confident” in the current economy, saying rising costs in the city, especially rent, were “out of control.” She also poured a bucket of cold water when she said that a strong labor market meaning recession is not the correct definition.
“Those in power definitely need to do better,” she concluded.
The Washington Post, CNN, The New York Times and others adopted the White House’s definition of a recession last week after GDP figures showed consecutive quarters of negative growth as the US economy entered a recession. and experts on CNN, MSNBC, CBS, ABC and elsewhere also put forth the concept of “fear” of a recession, rather than acknowledging that the US now is, by definition, already experiencing a recession.
Other segments on CNN, CBS News, MSNBC, NBC News and ABC News largely don’t see the country in recession, just because of job growth and consumer spending.