US Economy Defies Global Trend, But for How Long?

US avoiding the recession that threatens China and eurozone, but risks remain

Workers at the Hollywood Bed Frame Company attend an event to mark the company's upcoming expansion which will double the manufacturer's workforce, adding 100 new local jobs, at the company's factory in Commerce, Calif., seven miles southeast from downtown Los Angeles on April 14, 2017. Robyn Beck/AFP/Getty Images

With China and the eurozone both projected to be headed toward recession, can the United States be far behind? That’s what many economists are projecting.

But the underlying assumptions of economic growth or contraction aren’t always as solid as we like to think they are. And regardless of status quo bias, change happens. That’s exactly what’s happening with the global economy.