Their campaign to manage prices may be working — but potentially at a sizable cost in 2023. “It is likely that the world economy will face recession next year as a result of the rises in interest rates in response to higher inflation,” Kay Daniel Neufeld, director and head of forecasting at the Center for Economics and Business Research, said this week. Not everyone agrees the global economy is heading for a recession.
But it also carries risks. “China’s current depressed state suggests that the potential for lift is large,” Bruce Kasman, head of economic and policy research at JPMorgan Chase, said earlier this month. “However, recent experience also shows that significant setbacks normally occur when openings are premature and healthcare systems are overwhelmed.” A wave of coronavirus infections is currently sweeping China, but so far, Beijing is pushing ahead with plans to loosen its rules.
You guys .. Itching for that recession. It's as if y'all are praying for it.
The $1.7 trillion spending bill is what's going to push us into a recession lol keep those printers hot at the fed if you want a nice strong nose dive a year later; inflation just takes time and the ability to print as much money as you want. Then BAM a magical recession xD
Corporate greed? It’s corporate greed isn’t it?
Thanks Biden
Here's a hint Joe Biden.
There is no recession
Is it greed?
Hello....We're in a recession.
Won't happen since we will change the definition by then. It will still suck sh*t, but we won't call it a recession.
Joe Biden!
CNN is one of my favorite source for current and documentary news!
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1 federal reserve mismanagement