Many of the world’s top entities, companies and experts are projecting a recession in 2023.
A week ago the World Bank warned of a global recession in 2023. This is not unexpected.
Biden economy: World Bank warns of recession in 2023
Previously, BlackRock projected a major recession in 2023. “This is a recession like no other,” he said.
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The Biden economy: BlackRock warns of a global recession
The Daily Mail reports on high expectations of a recession in 2023 from some top economists.
Despite the Biden administration’s efforts to play down the risks, leading economists are warning that a recession is coming in the near future.
Laxman Achuthan and Anirvan Banerjee, co-founders of the Economic Cycle Research Institute — which determine recession dates for 22 global economies — say the United States is on track to face another recession like the one in 2008.
He said in an op-ed to CNN that the Biden administration’s efforts to reverse the looming recession are too late.
And even if GDP grew in the last quarter of 2022 The economy added more jobsAchuthan and Banerjee say that will change soon.
The Economic Cycle Research Institute has been predicting a recession since last spring, and Achuthan and Banerjee say the prediction hasn’t changed despite the Federal Reserve’s efforts. Increase interest rates.
He explains: ‘By the time the Fed raises rates, the economy is already slowing, making a recession more likely.’
The Biden economy is a disaster, with massive inflation, rapidly rising interest rates, and energy-killing policies. Biden seems to want to destroy the economy.