NEW YORK--Despite recent market volatility, there are signs suggesting that while the economy might slow, it will not slip into recession, according to speakers at Boston-based MFS' annual investment outlook meeting here.
The one potential spoiler is the "empty house" problem, said James Swanson, an MFS portfolio manager and chief investment strategist for the mutual fund company.
During his discussion on the possibility of recession, Mr. Swanson offered reasons why the U.S. economy is not heading into a recession: the Central Bank has taken a moderate to easing approach to interest rates, and a corporate market that has not overindulged in spending.
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