US Treasury Secretary Janet Yellen said the possibility of a recession could not be completely ruled out due to “very high inflation” in the country. It has been reported GIS.
“This cannot be completely ignored. But with a stable labor market as it is now, we would expect the rate of employment growth to slow,” he said.
Yellen also noted that “there is a way to lower inflation” in the US, which does not mean a recession.
Prior to this, the US Federal Reserve System (FRS) had declared that the recession in the country continued. will begin already this year, the Fed also predicts a decline in the country’s GDP in the fourth quarter of 2023 and the first quarter of 2024.
At the same time, most experts and analysts had previously stated that the probability of a recession in the US this year is quite high.
Previously recognizedWhen oil prices drop to $50 a barrel.