Building a case for a rolling recession

Whether it’s a hard landing or a soft landing of the economy, a recession may be the most widely anticipated nonevent since Y2K. While both hard- and soft-landing camps are confident in their claims, perhaps the actual economic outcome lies somewhere in the middle...a "rolling recession". Rather than a simultaneous and comprehensive downturn, or the outright avoidance of a contraction, a rolling recession is a more staggered response to financial conditions affecting different areas of the economy at different times.

 This week's highlight article from Goldman Sachs builds the case for a "rolling recession" and how this phenomenon may more accurately describe current economic conditions in the US.

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