Send to Kindle
@Pix4free
The United States is likely to enter a recession this year and face high inflation through 2024, a majority of economists polled in a recent survey predicted.
More than two-thirds of respondents to the National Association for Business Economics (NABE) policy survey forecast that inflation will remain above four percent at the end of this year.
The survey aggregated responses from 217 NABE members and was conducted between March 2 and 10, the organization said in a statement.
The US Federal Reserve raised interest rates by 4.75 percentage points in an effort to tackle rising inflation, which last year hit its highest level in decades.
In February, price growth slowed slightly to an annual rate of 6.0%, well above the Federal Reserve's long-term target of 2%.
Amid the bleak economic outlook, there was some good news as only five percent of those surveyed believed the US was currently in the midst of a recession, down "much less" from 19 percent in the previous economic survey, said in a statement NABE President Julia Coronado.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/BGNES
Two Israeli Embassy staff members were shot and killed on Wednesday night outside the Capital Jewish Museum in Washington
US President Donald Trump has unveiled new specifics about his administration's ambitious missile defence initiative, dubbed the "Golden Dome"
In April 2025, Bulgaria's inflation rate reached 2.8% year-on-year, marking an increase of 0.3% compared to the same month in 2024, when it was 2.5%
Bulgaria has reported a deflation rate of -0.8% for April 2025, with annual inflation recorded at 3.5%
US President Donald Trump announced on Friday his intention to meet with Russian President Vladimir Putin “as soon as we can set it up”
The United States has floated the idea of resuming the NATO-Russia Council as part of a broader effort to resolve the conflict in Ukraine
Russia has reported what it describes as one of the largest Ukrainian drone strikes since the beginning of the full-scale invasion
A powerful earthquake measuring 6.1 on the Richter scale struck off the coast of Crete, Greece
US President Donald Trump privately told European leaders during a phone call on 19 May that Vladimir Putin is unwilling to end the war in Ukraine because he believes he’s currently winning
Two Israeli Embassy staff members were shot and killed on Wednesday night outside the Capital Jewish Museum in Washington
Andriy Portnov, a controversial figure and former senior official under Ukraine’s ousted President Viktor Yanukovych, was fatally shot outside the American School in Madrid
The European Union has moved to review Article 2 of its Association Agreement with Israel, signed in 2000
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
