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Sunday, Jan 19, 2025
Outside the box.
US Economy Faces Potential Recession by 2025, Expert Predicts
The US economy is predicted to face a recession by early 2025 according to BCA Research. Chief global strategist Peter Berezin warns that a slowing labor market could lead to a significant drop in consumer spending and a 30% fall in the S&P 500. Global economic slowdowns in China and Europe could further destabilize international markets.
The US economy may face a recession by this year or early 2025, warns Peter Berezin, chief global strategist at BCA Research.
According to Berezin, a slowing labor market will significantly reduce consumer spending, potentially causing the S&P 500 to drop to 3,750, a 30% decline from current levels.
He attributes this prediction to the Phillips curve, which measures the relationship between inflation and unemployment.
Additionally, global economic slowdowns in China and Europe may further destabilize international markets.
According to Berezin, a slowing labor market will significantly reduce consumer spending, potentially causing the S&P 500 to drop to 3,750, a 30% decline from current levels.
He attributes this prediction to the Phillips curve, which measures the relationship between inflation and unemployment.
Additionally, global economic slowdowns in China and Europe may further destabilize international markets.
