Tag: economic downturn

Rate of Office Vacancy Reaches Record High

South Carolina Sun Staff
Empty Office

The second quarter of 2024 saw the rate of office vacancy in the United States hit a record high total of 20.1 percent, according to Moody’s tracking.

As reported by Axios, the rise in office vacancy in the last several months has been unusual compared to past trends, as such rates usually only rise during economic downturns. Thus, the rate continuing to increase despite the economy remaining relatively stagnant is an indication of consumers’ and business owners’ ongoing negative sentiments about the current state of the economy.

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‘Serious Problems’: Global Plague of Recessions Could Infect U.S., Experts Say

South Carolina Sun Staff
Office Meeting

The recessions currently plaguing several major countries around the world could be what drags the U.S. into an economic downturn of its own, experts told the Daily Caller News Foundation.

Germany announced on Monday that it fell into a technical recession in the fourth quarter of 2023, after reporting its second month in a row of negative growth, following several other top nations experiencing economic difficulties. While the U.S. has managed to avoid a recession due to its size and diverse industries, foreign economic malaise may drag the U.S. economy down through changes to trade and global inflation that would lead to a loss for American businesses, experts told the Daily Caller News Foundation.

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