recession economy taylor swift

Economist predicts mild 2024 recession, hit Taylor/Travis song

Betsy PriceBusiness, Headlines

A Baltimore economist known for his sense of humor left the punchline of his New Castle County Chamber of Commerce speech Tuesday to the last bit of his presentation: “It will come nearly a year after I initially anticipated, but recession is coming in 2024,” Anirban Basu told the 200 people attending the chamber’s sold-out annual State of the Economy …

Pat Harker President of Philadelphia Federal Reserve Bank

Fed’s Harker doesn’t expect recession, more rate increases

Betsy PriceBusiness, Headlines

Another rise in interest rates is not needed and the U.S. economy seems unlikely to tip into a recession, the president of the Philadelphia Federal Reserve Bank told the Delaware State Chamber of Commerce Friday. Patrick T. Harker, a former president of the University of Delaware, also said wages are falling slightly and that he expects the unemployment rate to …

Delaware revenue growth is down in real estate transfer, corporate and personal income, among other things.

Revenues fall slightly as state noses into post-COVID economy

Betsy PriceGovernment, Headlines

Delaware may have passed the peak of a rise in post-covid revenues, the Delaware Economic and Financial Advisory Council heard Monday. Financial experts call that peak an “inflection point,” akin to that moment when roller-coaster riders feel a brief lift in their tummies before the coaster takes a plunge. That doesn’t mean the state’s finances will plunge. Only that they …

Recession

State: $677M surplus projected for 2024, but recession looms

Betsy PriceGovernment, Headlines

Delaware economic experts on Monday predicted a budget surplus of $667.1 million for fiscal year 2024, but warned the state is likely already in a recession that could affect that forecast. During the meeting of the Delaware Economic and Financial Advisory Council, revenue officials said they expected announcements that a recession either started last week or will this week. The …