Another big bad news appears! +Trading ideas (3)
Tightening credit conditions in the United States, weakening business investment, and slowing consumption will push the United States into a mild recession in Q4 of 2023 and Q1 of 2024.
The real GDP growth rate in the United States in 2024 is expected to be only 0.5%. Job vacancies remain high and the labor force participation rate remains below pre-pandemic levels, negatively impacting potential growth in the medium term.
This is the first international assessment agency to publicly propose that the United States is in recession. In my article, I mentioned many times that there are signs of recession in Q3 and that Q4 will begin to enter recession, which is basically consistent with the judgment.
Fitch said a lot, and the rest is not very important. This downgrade will have a big shock to the financial industry. It can be seen that the fiscal problems and economic slowdown in the United States are already public. I still remember Master Bao’s comments on interest rate hikes at the beginning of the year. The final impact, those rhetoric? hehe
Follow orders to eat fish and grow together🚀
#A9社区 Trend Trading Team