Wells Fargo go to the US economy slipping into a “modest” recession starting in mid-2023 and hopes that the year ends with a annual growth of 0.2%much slower than 2% rise estimated for 2022.
Wells Fargo also anticipates that the annual headline inflation in the United States to moderate to 3.8% in 2023 from the current 7.7%.
The managing director of International Monetary Fund, Kristalina Georgievahad already ensured that the possibility of world growth falling by below 2% in 2023 it is increasing due to the effects of the war in Ukraine and the simultaneous slowdowns in Europe, China and the United States.
In the same sense, the Organization for Economic Cooperation and Development (OECD) which warned that the slowdown in growth will continue. The agency’s superscript, which anticipates economic trends between 6 and 9 months, pointed out that there will be a “slowdown in growth” in a large part of the world’s large economies.
In particular, they emphasized that the slowdown will occur in growth in the United States, the United Kingdom and Canada, and that in the euro zone it will especially affect Germany, France and Italy.
Source: Ambito
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