Is the US heading for recession?

Even optimistic pundits are warning that Americans will have to start tightening their belts. And if they do, so might everyone else, says Jody Clarke.

Is the US heading for a recession?

It certainly looks possible. Former Federal Reserve chief Alan Greenspan believes there's a 50/50 chance of the US going into recession this year, and he's far from alone. A Reuters poll of 88 analysts last month put the odds of a US recession at 40%, up from 35% in November.

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.