The US economic expansion should continue in the months ahead, assuming there are no major external shocks, according to Nobel Prize-winning economist Joseph Stiglitz.
“I think it’s more likely than not that we will continue to have the kind of economy that we’ve had,” the Columbia University professor told Business Insider on April 22.
Traditional recession indicators like the Treasury yield curve and The Conference Board’s Leading Economic Index have been signaling for over a year now that a downturn is ahead. But the consensus among economists and investors over the last several months is that the US economy is headed toward a soft landing, where inflation comes down without a recession.
So far, data has supported this outlook. Consumer spending, which makes up about two-thirds of the US economy, is still positive, and job gains have been robust. The unemployment rate has also stayed…
