The word "recession" seems to be popping up a lot lately. Here are some answers to the top 3 most frequently searched questions regarding recessions.
Consumer prices are at a 40-year high, the ongoing global health crisis continues to disrupt supply chains and Russia's invasion of Ukraine threatens to create a world food crisis.
Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic "hurricane" caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.
"The intent when we set up our first drive through giveaway was that it would be temporary... But if history is any indication, we realize that such a severe emergency like this and a recession could take up to a decade to recover from."
Economists forecast that California will recover from the pandemic faster than the U.S. and showcase the resiliency of the Golden State's robust economy.
"We're fighting to save businesses because once we lose them, the negative effects will be generational."
