Report: Economic recession coming for the U.S.
A new economic analysis of the U.S. economy projects a recession around the corner.
The post Report: Economic recession coming for the U.S. appeared first on Worthy Christian News.
One-third of world economy expected to be in recession in 2023, says IMF chief
This year is going to be tougher on the global economy than 2022, the International Monetary Fund’s chief, Kristalina Georgieva, has warned.
U.S. sees major housing price correction, nearly the largest since World War II
The United States is seeing a major price correction in its housing market, with analysts calling it very nearly the largest such shift since the end of World War II roughly 80 years ago.
Fed Reserve expected to announce fourth consecutive interest rate hike
The US Federal Reserve is expected Wednesday to announce its fourth consecutive 0.75% interest rate hike since June, Reuters reports. Numerous economists polled by Reuters have said the Fed should not pause until inflation falls to around half its cur…
US Deficit Soars Thanks to Biden’s Student Debt Forgiveness
The monthly federal budget deficit was up 562 percent from September of last year, according to Treasury Department figures released Friday, mainly due to President Joe Biden’s student debt forgiveness plan.
IMF: “worst is yet to come” in global economy
The International Monetary Fund (IMF) has forecast the “worst is yet to come” economically as it predicts a third of the global economy will contract in 2023, facing two consecutive quarters of negative growth, Sky News reports. The IMF made its predic…
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