Economy Uncertain, Housing Has Further Downside: EY

The video discusses the current state of the US labor market and the Federal Reserve's interest rate strategy, highlighting the potential for a slowdown and recession in 2023. It examines economic projections, the risks of a global recession, and the importance of resilience in uncertain times. The impact of the housing market on inflation and economic activity is also explored, along with global risks and geopolitical factors affecting the economic outlook.

What is the current trend in the US labor market according to the discussion?

• Complete stagnation in job growth

• Massive layoffs across all sectors

• Rapid increase in hiring

• Slowdown in hiring but still positive

What is the Federal Reserve's stance on interest rates for 2023?

• Fluctuating rates based on market demand

• Eliminating interest rates

• Maintaining rates at 5% or higher

• Lowering rates significantly

What is the projected unemployment rate for 2023 according to the Fed?

• 6.0%

• 5.5%

• 4.4%

• 3.5%

What is the consensus about the upcoming recession?

• There will be no recession

• It will be mild and shallow

• It will be severe and long-lasting

• It will be unpredictable and chaotic

Which factor is NOT mentioned as a potential influence on the recession's depth?

• Consumer spending

• Technological advancements

• Financial conditions

• High inflation

What is a significant global risk factor discussed in the video?

• Africa's technological advancements

• South America's political stability

• Australia's economic growth

• China's 0 COVID policy

What is the key to understanding the economic outlook according to the discussion?

• Relying on historical data only

• Ignoring global developments

• Monitoring the intersection of geopolitics and macroeconomics

• Focusing solely on US policies