With the U.S. Congress still struggling to resolve what has come to be known as the "fiscal cliff" before the deadline passes and we all plunge over the precipice, there has been a lot of talk and official prediction related to a coming U.S. recession. And it's not just talk; Europe has fallen back into recession, with even Germany suffering, and China's growth story has suffered a major slowdown as well. So are we really in for it here in the U.S., too? In this video, Motley Fool analyst Morgan Housel discusses how accurate our recession predictions have been historically and how recessions have changed. He also discusses some factors that might set the U.S. apart from the rest of the world in this sluggish economic climate.
Even in big economic downturns, however, there are still great opportunities, especially as we continue down the road to recovery. To learn more about a few ETFs that have great promise for delivering profits to shareholders in a recovering global economy, check out The Motley Fool's special free report "3 ETFs Set to Soar During the Recovery." Just click here to access it now.