According to The Wall Street Journal, the United States has experienced economic stagnation and an increase in unemployment rates during the past 12 months.
The newspaper reported that, according to economic analysts, the country will experience an economic recession in the time frame given with a probability of 63%, even if this percentage hasn’t gone above 50% since July 2020.
The newspaper notes that the expectations of 2023 have become “increasingly dark”.
If it is told in July by American experts that the US gross domestic product will increase by 0. 8% annually in the first quarter of 2023 and by 1% in the second, and that they currently think the US GDP would decline by 0. 2% and then by 0. 1%.
She added that the negative impact of economic shrinkage will also affect the labor market, as it is expected that the number of jobs in the non -agricultural sector will decrease by an average of 34 thousand per month in the second quarter of next year, and 38 thousand per month in the third quarter.
Economic forecasts are based on an examination of the Wall Street Journal’s and the US Federal Reserve’s (FRS), which serves as the nation’s central bank, policies.
The ability of the federal reserve to keep raising interest rates to combat inflation without causing unemployment and economic stagnation is questioned by experts.
The American economy could enter a recession within six to nine months, according to James Damon, CEO of one of the biggest American banks, “GB Morgan Chase,” who made this statement earlier in October.
Origin: Tas.
Wall Street Journal: Over the next 12 months, the US economy could stagnate.
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