News

Recession Risk has Doubled

June 21, 2022

Economists are predicting a 30% chance of a recession in the next year.

Economists are predicting a 30% chance of a recession in the next year.

This prediction is double Goldman Sachs previous prediction 

This prediction is double Goldman Sachs previous prediction 

Given current conditions, other economists predict the chances of a recession at 100%. Others say that it has already begun.

However, President Joe Biden reiterated that a US recession isn’t “inevitable” following a conversation with former Treasury Secretary Lawrence Summers