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The Daily Cardinal Est. 1892
Thursday, May 02, 2024

Sean McMaster


Daily Cardinal
NEWS

Glimmer of hope doesn’t mean recession is over

If you ask any economists to identify the barometer for the health of a given economy, they will say that it is the capacity to sustain growth. If someone discovered the secret to unending sustainability, we would never experience another recession or economic decline. We could redefine the business cycle. Instead of its cyclical rising and falling, it would always be looking up. However, when dealing with the human persona (particularly the emotional component used in decision-making), we will soon realize that such a utopia can never exist. Yet we can use this mode of examination to effectively analyze our current economic status and the recent news of first-quarter earnings. The ultimate question is whether we can not only keep these gains but also continue to grow. 

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