Article

2023-06-05 Economy

Bank of America predicts a recession in the US

Direct Translation via Google Translate. Edited.
[Regnum] The US will face a recession that will last from the second half of 2023 until early 2024. Such a forecast was made by Bank of America Brian Moynihan on CBS on June 4 .

"Basically, this is a moderate recession in the third quarter and fourth quarter of this year," he said.

We’ve been in a recession for ages, making it more thana bit late to predict one. And it hasn’t been moderate, either.

According to the forecast of the bank's specialists, during this period, unemployment in the country will rise to 4%.

Late last year, Bank of America predicted that a recession should have begun by now.

In May, the head of the US Federal Reserve, Jerome Powell , also said that the country was facing a recession. He expressed hope that the economic downturn will be mild.

American investor Jim Rogers predicted a "terrifying" recession not only for the US, but also for Europe. In his opinion, many banks will go bankrupt due to the fact that the economy of many countries is in poor condition.

Posted by badanov 2023-06-05 00:00|| || Front Page|| [11129 views ] Top

Posted by Skidmark 2023-06-05 00:04|| 2023-06-05 00:04|| Front Page Top

#2 The US will face a recession that will last from the second half of 2023 until early 2024.

Ha.

It'll take 'em that long to admit we're in one.

Mike

Posted by Mike Kozlowski 2023-06-05 04:56|| 2023-06-05 04:56|| Front Page Top

#3 But what are the recession’s pronouns?

Posted by Super Hose 2023-06-05 09:29|| 2023-06-05 09:29|| Front Page Top

#4 They've correctly predicted 7 out of the last 4 recessions.

Posted by ed in texas 2023-06-05 09:38|| 2023-06-05 09:38|| Front Page Top

#5 ^ [the sound of your money] going / gone.

Posted by M. Murcek 2023-06-05 09:39|| 2023-06-05 09:39|| Front Page Top

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