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- The odds of the U.S. going into a recession are rising
- During recessions a lot of people get laid off
- Stocks tend to plunge during recessions but it could create a good buying opportunity
The odds that the U.S. economy will go into a recession are increasing recently after a lackluster first economic quarter this year where GDP declined by 1.4%.
But a recession isn’t necessarily right around the corner, depending on who you ask. Still, with all the talk of a possible recession, you may be wondering how it could affect you.
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