recession 61% of Economists Think Recession is Possible in the Next 12 Months: GDP Expected to Stagnate in 2023 61% of businesses and academic economists expect the US economy to go into recession this year as GDP is expected to stagnate. Despite the Feds trying to bring down inflation, most respondents think this won't happen. The report came with a graph that showed the likelihood of a
savings American Personal Saving Rate Dropped to 17-Year Low While Household Debt Climbs Per Bloomberg The rate of American personal savings is now dropping to its lowest rate in 17 years. The last time that the US experienced such low personal saving rates was in 2005. The report highlights how inflation and rising borrowing costs affect how Americans save their money. In October
ukraine Ukraine Hit 30-Year-Low Economic Decline at 30.4% in 2022 Per Reuters The war on Ukraine has resulted in the country's economy hitting its 30-year low in 2022. The country's economy dropped by 30.4% in gross domestic product (GDP). Preliminary economy ministry data revealed that the war in Ukraine resulted in steep economic drops
Economy Nearly Two-Thirds of Voters Think the 2023 Economy Will be in the Worse Shape Per WSJ A December 3-7 poll of 1,500 registered voters by the WSJ found that two-thirds think the 2023 economy will be worse. The survey showed that Republicans had the strongest pessimism, while only almost a quarter of Democrats shared the same sentiments. The article says that
