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Vibecession and why President Joe Biden gets no love for a bouncy US economy

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NEW YORK, NEW YORK - JULY 27: People shop in a Manhattan store on July 27, 2023 in New York City. A report released on Thursday by the government stated a 2.4% annualized growth in the American economy last quarter, offering reassurance against recession.   Spencer Platt/Getty Images/AFP (Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The economy is better than it has been, but people continue to feel bad because the recovery has been uneven.

PHOTO: AFP

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Meet Kyla Scanlon, a star economic influencer on TikTok with a flock of over 168,000 followers and over 2.5 million likes.

Around this time in 2022, she grabbed the headlines when she coined a catchy word “vibecession” to describe the complicated United States economy that had been shrinking for two consecutive quarters.

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