Bank of America chief predicts ‘mild recession’ in 2023 ...Middle East

The Hill - News
Bank of America chief predicts ‘mild recession’ in 2023
Bank of America CEO Brian Moynihan said Tuesday he’s expecting a “mild recession” in 2023, sounding a more positive note about the state of the economy than many in the financial world have been broadcasting amid 40-year-high inflation. Doomspeak about the possibility of a recession has been coming out of the financial sector since the summer when JP Morgan Chase & Co. CEO Jamie Dimon said he saw a “hurricane” gathering on the economic horizon as the Federal Reserve began a program of quantitative tightening, sending equity markets into a freefall. Contractions in gross domestic product (GDP) in both the first and second quarters of 2022 added weight to the warning, leading many Ame

Hence then, the article about bank of america chief predicts mild recession in 2023 was published today ( ) 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 ( Bank of America chief predicts ‘mild recession’ in 2023 )

Apple Storegoogle play

Last updated :

Also on site :



Latest News