The American economy is slowing, but there are no signs of a recession.
“Report” informs that US Finance Minister Janet Yellen said this.
“The economy is slowing down. Last year there was a rapid increase of about 5.5%, as people who lost their jobs during the pandemic managed to return to the labor market. Currently, the labor market is very strong. This is not an economy in recession, but we are now in a transition period where growth is slowing down,” he said.