President Joe Biden acknowledged Tuesday that a 'slight recession' is possible in 2023, although he said he does not anticipate the U.S. will enter into one.
Georgetown Professor Nada Eissa explains why she believes the Fed’s actions to get inflation under control will likely lead to a recession.WASHINGTON — President Joe Biden acknowledged Tuesday that a"slight recession" is possible in 2023, although he said he does not anticipate the U.S. will enter into one.economists have been predicting a slowdown for months“I don’t think there will be a recession.
and a tightening of monetary and financial conditions in the United States."In short, the worst is yet to come and, for many people, 2023 will feel like a recession," the IMF said.are contributing to global economic challenges.
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