Japan, UK Enter Recessions While US Economy Shows Resilience

Japan and the UK have entered technical recessions, defined as two consecutive quarters of economic contraction, but the US economy remains strong.

Japan's recession is tied to its shrinking population, while lower consumer spending drove the UK's downturn.

The US has advantages like stimulus money still circulating and less reliance on Russian energy that make a near-term recession unlikely.

Still, a recession could be silently underway and only declared retroactively by the NBER Business Cycle Dating Committee.

While a 2023 US recession seems improbable, potential triggers include insufficient Fed rate cuts compared to investor expectations.