Credit: Lazy_Bear Did the US econmey effect the mid term elections?
The US economy could be heading into a recession as early as the first half of 2023, analysts warn.
“I think there is probably going to be in a recession by the second quarter,” Steven Blitz, chief US economist at macroeconomic forecasting consultancy TS Lombard, said in a new podcast from research firm GlobalData. “And it think it’s going to be a mild recession that will last two quarters, the second and third quarter.”
However, he warned that analysts still “can’t see yet what is going to drive it down and that’s part of the problem.”
Blitz argued that the Federal Reserve has raised the risk of a recession by keeping interest rates “too low for too long” and that it is now raising interest rates at an accelerated rate to…
