David Rosenberg predicts US recession due to fiscal drag and Fed tightening feeding in ...Middle East

forex live - News
David Rosenberg predicts US recession due to fiscal drag and Fed tightening feeding in
David Rosenberg was interviewed on CNBC. He thinks the US is headed for recession. He cites fiscal stimulus turning into fiscal drag:"Fiscal policy last year added more than 4 percentage points to nominal GDP growth which was just over 6%, so two-thirds of the growth last year in the economy came from the juice from fiscal policy and that acted as a huge antidote to what the Fed was doing," He expects 2024 to see "fiscal drag" that will reduce economic growth by 1.2 percentage points.Rosenberg also cited the ongoing lagged effects of the Fed's tightening already for his expectation of a recession This article was written by Eamonn Sheridan at www.forexlive.com.

Hence then, the article about david rosenberg predicts us recession due to fiscal drag and fed tightening feeding in was published today ( ) and is available on forex live ( 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 ( David Rosenberg predicts US recession due to fiscal drag and Fed tightening feeding in )

Apple Storegoogle play

Last updated :

Also on site :