US: Recession likely to be officially declared in the second half of 2023 – ABN Amro
22.08.2022, 12:11

US: Recession likely to be officially declared in the second half of 2023 – ABN Amro

Economists at ABN Amro have lowered their growth and inflation forecasts for the US, with a significantly weaker recovery in investment now expected. They see the US heading for a mild recession.

Fed to continue hiking interest rates aggressively

“We have halved our forecast for fixed investment to just 2.5% for 2022, down from 5% previously, and made a more modest downward adjustment for 2023 to 1.9% from 3.3% previously. Our expectation for stagnant consumption in H2 2022 remains broadly unchanged. This takes our overall GDP forecast for 2022 down to 1.7% from 2.2% previously, and to 1.0% from 1.3% previously.”

“We do expect the labour market to deteriorate on the back of softening demand, with unemployment expected to begin rising from Q4 onwards. Ultimately, we expect unemployment to rise c.1.5pp to around 5% by end-2023, with the NBER calling a recession perhaps in H2 2023.”

“Our base case remains for the Fed to raise rates in 50 bps steps in September and October, with 25 bps hikes expected in December and February – taking the upper bound of the fed funds rate to 4%.”

“Beyond the hiking cycle, we continue to expect the Fed to begin reversing course in the second half of 2023. Our base case is that the Fed cuts rates in four 25 bps steps in H2 2023, taking the upper bound of the fed funds rate to 3% by end-2023.”

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik