While the U.S. has stayed strong, some other major economies are facing recessions
With central banks around the world trying to keep interest rates low, more people in rich nations like Europe, Japan and the U.S. are
—but there’s an opposite trend in emerging economies like Russia, China and India, where cash as a percentage of GDP is decreasing.The U.S. stock market, on the other hand, just hit another milestone, as the S&P 500 set aon Monday. U.S. economic data has held steady by some metrics, though signs of a slowdown are starting to emerge: Manufacturing is contracting and inflation remains fairly low, even as consumer spending and employment levels stay strong.
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