Why to prepare for a recession despite strong GDP report.
By The Exchange Team
The economy of the United States grew in the third quarter, reversing a negative trend from the first half of the year.
Economists and financial gurus warn against lulling households into a false feeling of financial security.
Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, said investors should be cautious and expect more disruption.
The Bureau of Economic Analysis estimated Thursday that U.S. GDP grew 0.6% from July to Sep. Annualized, that's 2.6% growth.
John Leer, chief economist at Morning Consult, says the U.S. economy is respectable, slightly above average.
That GDP expansion follows slowdowns in Q1 and Q2. A recession is defined as two quarters of negative growth.
The National Bureau of Economic Research, considered the arbiter of recessions, hasn't officially declared one.