Worrywarts have been blabbing about a recession since the spring, when U.S. GDP growth turned slightly negative and Russia’s invasion of Ukraine sent oil prices soaring. Now it looks like the naysayers might get their way.
Economic forecasters are cutting their outlook for U.S. and global economic growth, with more of them predicting a recession. S&P Global Market Intelligence recently cut its forecast for the U.S. economy in 2023 from 0.9% GDP growth to a 0.5% decline. “The base…
Source link
