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US economy - no recession, but more pain for longer: ‘slowcession’ could last all year
Moody’s Analytics chief economist Mark Zandi outlook for the year ahead is dour.
Forecasts US GDP at just 1% or less y/y in all four quarters of the coming year. Says the US economy will be supported by the strong U.S. labor market and consumer. Thus a recession will be avoided:
- “There is no doubt the economy will struggle in the coming year as the Fed works to rein in the high inflation, but the baseline outlook holds that the Fed will be able to accomplish this without pre... Read More
Posted: Jan 5 2023, 04:40
Author Name: forexlive
Views: 111596