According to new economic forecasts, economic activity is expected to decline in the United States until the end of 2023. This is reported by Bloomberg, citing US Federal Reserve Chairman Jer Powell.
According to the data received, it is known that the US economy will grow this year by 0.4% compared to 0.5%, which was predicted in December last year. It is noted that this is already a significant downturn for the US economy.
It is noted that politicians do not publish official forecasts for the quarterly growth of the country’s economy. Estimates of forecasters and economists of the Federal Reserve System (Fed) argue that a sharp decline in the economy will occur in the second-fourth quarters of this year.
It is also known that all Fed officials are talking about downward forecasts. This is the first such unanimity on this issue since 2007.
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