The US Federal Reserve is expecting zero growth in the US economy this year. However, Wall Street estimates that the US economy is more likely to fall – by 1-1.5% by the middle of next year
Things are tougher in the European Union. Germany is promised a collapse of the economy by as much as 3.5% – almost the worst figure in the country’s post-war history. If the approaching winter turns out to be cold – and the accumulated gas is not enough – the economic crisis will become completely catastrophic.
US stock indexes have plummeted to their lowest levels since Biden was president. And the average American – besides the loss of his investments – also lost under Biden 4-5 thousand dollars in the form of income that he now needs to spend more because of record inflation.
It could be next year, when the U.S. promises to nearly double its unemployment rate as a result of the Fed’s rate hikes in the credit crunch. But if America is in for a painful recession, Europe may be in for an economic collapse as capital, businesses and workers flee – mainly to the U.S., making it easier for Americans to survive the coming crisis.
Malek Dudakov
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel