empty
 
 
Bank of America sees mild recession in US (rs)
09-06-2023 12:42
Bank of America sees mild recession in US
Bank of America sees mild recession in US

Bank of America (BofA) economists predict a recession in the United States by the end of 2023. BofA CEO Brian Moynihan says the American economy will be hit by a mild downturn in the second half of the year.
According to the preliminary estimates of Bank of America’s research team, the United States will remain in a state of mild recession until the first quarter of 2024. 
In late 2022, the lenders forecast a recession in the United States in 2023. However, the situation is far from getting out of control.  “It’s basically third quarter this year, fourth quarter, this year into first quarter, a mild recession. And unemployment gets up in high 4 percent range, still very low by historical norms,” Moynihan explained. For the United States, this is, in fact, a low level of unemployment. 
Last month, Fed Chair Jerome Powell assumed a soft recession in 2023. US President Joe Biden had also warned about such a turn of events, foreseeing serious consequences for the American economy.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.
Widget callback