US Probably in Recession: Ex-Fed Insider - Economy news

TEHRAN (Tasnim) - The United States may already be in a "plain vanilla recession," said a former adviser to the Federal Reserve Bank of Dallas, Danielle DiMartino Booth.

- Economy news -

The statement comes as world stock markets nosedive over fears the US economy is weakening.

A cyclical or plain vanilla recession is one of the two types of demand-driven recession. These typically follow periods