Home World News Russia Fitch Projects 1990-Style Mild Recession in US by Spring 2023, Report Says

Fitch Projects 1990-Style Mild Recession in US by Spring 2023, Report Says

Fitch Projects 1990-Style Mild Recession in US by Spring 2023, Report Says

WASHINGTON (Sputnik) – The American economy could land in a 1990-style mild recession by spring next year as unyielding inflation and the Federal Reserve’s response of jumbo-sized interest rate hikes come to a head, CNN said Tuesday in a preview of a forthcoming Fitch Ratings report.

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