The most likely economic scenario is a 'boil the frog' recession featuring a synchronized global hard landing in 2024, JPMorgan says
"Central bank aspirations for a soft landing have tempered the pace of tightening. However, hopes for a painless slide in inflation back to target are likely to be dashed, requiring policy to turn sufficiently restrictive to break the back of the expansion," the economists said.
"Broad-based developed-market tightening points to a more synchronized global downturn sometime in 2024," they added. The second-most likely outcome is a"slip-sliding away" recession, which economists say has a 32% chance of happening. That scenario involves a mild US recession in late 2023 to early 2024, as a continuation of the ongoing credit crunch pushes the US into a downturn while other economies around the world remain resilient.scenario, a situation where the economy avoids a recession altogether. It also sees a 10% chance the US will slip into an immediate recession in mid-2023.
Fed officials have warned rates could tread higher this year as it continues to get a handle on inflation. Markets are pricing in a
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Geraldo Rivera Says He’ll Announce Next Week Whether He Stays With Fox News — UpdateUPDATE: Geraldo Rivera said that he will announce next week whether he will stay with Fox News or move on to something else. Rivera announced earlier this week that he was leaving a regular gig on …
Leer más »
What's Next For Ariana Madix After Emotional 'VPR' ReunionA source tells ET that the 'Vanderpump Rules' star is 'in a good place' following Scandoval.
Leer más »
Billionaire Ray Dalio hails India as the next big investing opportunityBillionaire Ray Dalio hails India as the next big investing opportunity, saying its economy is on the verge of a China-style rapid surge
Leer más »
What next in search for answers to Titanic sub’s ‘catastrophic implosion’?Understanding what went wrong with the Titan submersible will require careful collection of debris, and an investigation that could take months, experts say.
Leer más »
Lonzo Ball likely already out for entire next season with career at riskLonzo Ball's knee is still not cooperating.
Leer más »
Titanic sub: How is submersible tourism regulated and what’s next for industry?The first fatal accident aboard a deep-sea tourist submersible is certain to raise calls for additional safety regulations, but industry experts say any new measures may be impossible to enforce given the international nature of the business.
Leer más »