The US economy will grind to a halt in the 2nd half of 2023 and the following year won't be much better, BofA says as it slashes its growth forecast

The US economy will grind to a halt in the 2nd half of 2023 and the following year won’t be much better, BofA says as it slashes its growth forecast

Wikimedia Commons Bank of America analysts expect US economic growth to slow to near zero by the second half of 2023. While the risk of a recession this year is low, BofA sees a 40% probability starting next year. And 2024 isn’t looking much better, as analysts see only “a modest rebound” by then. Bank …

The US economy will grind to a halt in the 2nd half of 2023 and the following year won’t be much better, BofA says as it slashes its growth forecast Read More ยป