If you`re panicking over the possibility of a looming recession, don`t worry too much, because the next downturn likely won`t be anything like the Great Recession or the sharp slide during the early pandemic.
Wall Street giants like Deutsche Bank and Bank of America are projecting recessions starting next year on the grounds that there`s just no way for the Fed to fight inflation without slowing the economy to a halt.
But even if those predictions come to light, it`s probably not going to be that bad...
Wall Street giants like Deutsche Bank and Bank of America are projecting recessions starting next year on the grounds that there`s just no way for the Fed to fight inflation without slowing the economy to a halt.
But even if those predictions come to light, it`s probably not going to be that bad...
- The US might be heading for another recession, but it probably won`t be a bad one.
- Spending on goods is finally slowing, and that`s enough to spark a "mild" downturn, one economist said.
- Americans` finances are generally in good shape, meaning growth will likely only slow moderately.
RSK: What does this mean for commercial real estate. Too early to tell but with the large vacancies in office and interest rates climbing, no doubt there will be conversions from office to a more viable product.
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- - Volume: 10 - WEEK: 21 Date: 5/17/2022 9:04:19 AM -