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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.
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 |
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| http://www.rantburg.com/poparticle.php?ID=668973 |