The Risk of a Recession Isn't Zero

Contributing sentiments towards policy:

67% : The amount of federal spending injected into the economy was enormous.
57% : However, the surge in government spending has kept the economy afloat, defying economists' "recession predictions" in recent years.
52% : Therefore, the economy's strength was unsurprising, given the ongoing financial stimulus from the Inflation Reduction Act and the CHIPS Act and a surge in deficit spending.
51% : One explanation for this has been the surge in Federal expenditures since the end of 2022 stemming from the Inflation Reduction and CHIPs Acts.
44% : Therefore, if DOGE is successful in its endeavors to reduce Government spending and, more notably, Government employment, it will reduce the deficit by extracting capital from the economy.
36% : However, with the current Administration's focus on reducing government spending and immigration while imposing tariffs on our trading partners, the risk of a recession later this year or next is likely not zero. _______________ Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors.
30% : Secondly, with the Department of Government Efficiency (DOGE) working to streamline government expenditures, reducing Government spending will also negatively impact economic growth.

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