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Nasmix t1_j6jwj1c wrote

Reply to comment by skilliard7 in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5

Technically we are not in a recession - a slowing economy yes, but not recessionary - at least not as of now

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skilliard7 t1_j6jyn5h wrote

Nearly half of 2022's GDP gains were from increased inventories- stuff is getting produced, but not sold. It's a very strong leading indicator for an upcoming recession among many others.

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Nasmix t1_j6jz3nn wrote

Ok sure - however it’s more appropriate to say companies are reacting to a slower economy / lower demand than a recession

We likely will enter a recession though that remains to be seen

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