Wangye said financial news: More and more institutions have begun to lower the US GDP growth forecast!
Just this week, The International Monetary Fund (IMF) lowered its growth forecast for the US economy this year and next because the risk of recession is getting higher and higher!
Looking at specific data, IMF predicts that U.S. GDP will grow by 2.3% in 2022, which is far lower than the 2.9% predicted last month.
So why did the IMF lower its US GDP forecast?
In this regard, as for the reasons for lowering economic expectations, the IMF stated that global factors such as the Russia-Ukraine conflict, the epidemic, and related restrictions will affect the growth of the U.S. economy.
In addition, the IMF also warned that avoiding a U.S. economic recession "is becoming increasingly challenging" and that the top priority for the United States now is to reduce price levels as much as possible without triggering an economic recession.
Coincidentally, on Thursday (14th), Bank of America also issued a similar warning!
The Bank of America announced that it has lowered its forecast for the U.S. economic outlook, and it also warned that the U.S. economy will experience a mild recession in the second half of this year as the impact of inflation puts pressure on consumers and the economy.
Looking at specific data, Bank of America predicts that in the fourth quarter of 2022, U.S. GDP will shrink by 1.4% year-on-year and will only grow by 1% in 2023.
What do you think about this? What do you think will happen to the U.S. economy in 2022? Is it really going to be a recession?
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