TD Bank
The economic team at a Canadian bank, led by Chief Economist Beata Calanchi, does not anticipate a recession in the United States, but says, “Growth is close to stagnation, so if another shock hits the economy, an error. There is very little room for it. “
Credit suisse
Jeremy Schwartz, director of the US economic bureau at the Swiss bank, believes inflation will “eventually slow”, but not enough to put the US economy in recession. Instead, “long-term stagnation is becoming more and more likely.”
Oxford Economics
The Federal Reserve has a “fighting opportunity” to curb inflation without causing a recession, writes Kathy Bossjanchić, Group Chief US Economist. She devalued her growth forecast. It is “approaching instability to turn into recession by mid-2023,” she says.
Fitch Ratings
The Fitch Ratings team, led by Chief Economist Brian Colton, expects economic growth to slow to just 0.1% quarterly from the second quarter to the fourth quarter of next year. As a result, the economy is in a “technical recession.”
Berenberg
Analysts at a German bank, led by Chief Economist Holger Schmiding, expect the U.S. economy to stagnate in late 2022 and shrink in the first three quarters of 2023, but are “relatively modest” for the year. It’s just 0.4%. “If you’re lucky, the recession will be shallow,” they write.
Deutsche Bank
A few months ago, economists at German banks predicted that the U.S. economy would be in recession by the end of 2023, but now, according to a team led by bank manager Matthew Luzetti, “earlier, We anticipate a rather serious recession. American economist. They expect the economy to shrink by 0.5 percent in 2023.
Wells Fargo
The bank’s chief economist, Jay Bryson, reports that the recession in 2023 “seems more likely than not.” He predicts that the economy will shrink by 1% in the next two quarters, similar to the recession in the early 1990s. This is “one of the mild recessions after World War II.” Regarding something similar to the silver lining, he wrote, “I don’t think the recession is particularly serious, so I don’t think the labor market will collapse completely.”
