Amid the backdrop of technical recessions in both Japan and the UK, attention now switches to the economic trajectory of the United States, the world's largest economy. While Japan's downturn is intricately attributed to its shrinking population, the UK's recession reflects a decline in consumer spending despite population and wage growth.
Conversely, the US economy has showed resilience, buoyed by robust consumer spending driven by substantial pandemic stimulus measures. Moreover, the nation's reduced dependence on Russian energy has protected it from the repercussions of geopolitical events such as the invasion of Ukraine.
