Recession: Is the US heading into an 'ugly' downturn?
Three in five Americans say the US is in a recession, according to the latest Economist/YouGov poll. So how come it's not official?
Soaring inflation - the highest rate since the 1980s - has soured the mood for many. Some Americans are driving less to save petrol, forgoing pricey organic produce and looking for deals to save a few dollars.
There's more bad news. The once-roaring housing market is slowing, making the equity locked in property less of a sure thing. The S&P 500 has also taken a hit. The...