The US economy is not facing a recession, says Apollo chief economist Torsten Sløk.
Sløk cites strong employment data, wage growth, and consumer spending as key indicators.
AdvertisementThe US economy is cruising toward a soft landing with no recession on the table, according to Apollo chief economist Torsten Sløk.
"Daily data for debit card transactions shows that consumer spending has been accelerating in recent weeks," Sløk said.
That's not something you see right before a recession hits the economy, according to Sløk.
Persons:
Torsten Sløk, Sløk, —
Organizations:
Service, Sløk, Atlanta