The US economy is already in a recession, and it's following the same path as China by becoming reliant on debt, veteran forecaster says

• The US economy already looks like it's in a recession, according to Danielle DiMartino Booth.
• The chief strategist of QI Research pointed to weakness in the job market, with layoffs rising.
• She said that puts the economy in a precarious state, especially with US debt-taking already looking similar to China's.

The US economy is already in a downturn — and it could be following in the footsteps of China as the government assumes a growing amount of debt to prop up growth, according to veteran forecaster Danielle DiMartino Booth.