Fitch Ratings predicts mild recession by spring ...Middle East

The Hill - News

Financial services company Fitch Ratings predicted in a new report the U.S. will enter a mild recession akin to the 1990 recession starting in the spring of next year. In the report obtained by The Hill, Fitch cut its gross domestic product (GDP) forecast for 2022 from 2.9 percent to 1.7 percent, while the company expects just 0.5 percent GDP growth in 2023. This year has seen two consecutive quarters of negative GDP growth, usually a sign of a troubled economy. Fitch predicts the nation will hit "genuine recession territory" by mid-2023, citing the continued hiking of interest rates from the Federal Reserve central bank and a 40-year high inflation rate. "This reflects a lagged

Hence then, the article about fitch ratings predicts mild recession by spring was published today ( Tuesday 18/10/2022 - 11:32 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Fitch Ratings predicts mild recession by spring )

Last updated : 18 October 2022 clock 11:32 PM

Also on site :

Fitch Ratings predicts mild recession by spring ...Middle East

Jessica Simpson Reveals She's 'About to Start' Next Memoir: 'Always Writing'

Johnny Depp Makes Rare Red Carpet Appearance in L.A. to Launch Rum Brand at Rock Star-Filled Party

‘Company Retreat’ Bosses Explain the Finale Reveal, Landing Sia for the Talent Show and How a Loose Script Nearly Ruined Everything

Travel guru Rick Steves is happy to pay more taxes

Caleb Durbin’s redemption, Willson Contreras’s swagger & other takeaways from Red Sox’ home-opening win

UNC Coaching Rumors Get Insider Update on Billy Donovan, Other Candidates

What would Jonah Elliss at inside linebacker look like?

Two US helicopters hit during recovery efforts in Iran

‘MAGA’ backlash is taking its toll on TLC’s Chilli : ‘It’s not what she wants her legacy to be,’ source

'GMA' Co-Anchor Janai Morgan Breaks Silence on Exit

YouTube’s Tuma Basa to Exit as Director of Black Music & Culture

Google Is Free: X BODIES Obama-Era Diplomat For Asking and (Wrongly) Answering His Own Iran Question

Kelly Osbourne Enjoys Quality Time With Son, 3, After Sid Wilson Split

Inside Anna Duggar's Relationship With Josh's Family After His Arrest

Zach Bryan Cancels Tulsa Concert Due to ‘Extreme and Dangerous Weather’: ‘If I Had Any Say in This, Things Would Be Different’