US to escape recession as global growth slows – Goldman Sachs UnitedStates Growth Banks Europe China
A mild recession in Europe
“The US should narrowly avoid recession as core PCE inflation slows from 5% now to 3% in late 2023 with a ½pp rise in the unemployment rate. To keep growth below potential amidst stronger real income growth, we now see the“The Euro area and the UK are probably in recession, mainly because of the real income hit from surging energy bills.
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