15-January-2025
Economy News
 
Heading for recession or sharp slowdown? Small store execs warn that low-income Americans are stretched thin and running on borrowed time
17-Sep-2024

Retail sales across the United States are showing good signs of upscaling and profit, even amid concerns of a possible recession, which is good news for small store executives. It also indicated that the worst phase of the economy has been avoided, but others feels things around the US economy could be a ticking time bomb. Walmart and Costco report high share prices The market values of both Walmart and Costco, which are popular retail chains across the United States, have surged upwards even amid due recession fears, and their sales have also shown a surprising increase, meaning that American shoppers are currently on a spree amid reports that goods prices are reducing. Moreover, there are also reports that Americans are stocking up ahead of any impeding recession that could result in inflation of market prices.

News Source:- https://economictimes.indiatimes.com/news/international/us/heading-for-recession-or-sharp-slowdown-small-store-execs-warn-that-low-income-americans-are-stretched-thin-and-running-on-borrowed-time/articleshow/113404839.cms