COLUMBIA, S.C. (WIS) – Is the United States headed toward a recession?
That’s a question a local professor is answering. Dr. Raymond Lee with Benedict College in Columbia says the possibility of it happening is there. Food, gas, and prices for clothes seem to only be getting higher.
Experts are weighing in on whether the U.S. could see a recession soon. Dr. Lee is an Economy professor with Benedict College and says while key indicators are positive inflation remains a problem.
“GDP is strong, consumption is strong, investment is strong,” Lee said. “Even though the numbers are strong, people may think, well, a recession is coming and I need to stop spending and start saving and once people stop spending on a large enough scale, that’s when you run into problems.”