World Bank Warns of Global Recession, Stagflation — ‘This Is the Sharpest Slowdown in 80 Years’
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The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.”…
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On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the... [[ This is a content summary only. Visit my website for full links, other content, and more!…