Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Some economists on Wall Street predict an economic recession in the United States in 2024

Some economists on Wall Street predict an economic recession in the United States in 2024

Bitget2023/12/21 12:09

According to Jin10's report, some Wall Street economists predict that the United States will experience an economic recession in 2024. The reasons include the depletion of consumer savings, resumption of student loan repayments, and a cooling labor market among other challenges. Consumer spending accounts for approximately 70% of economic activity.

Although the Federal Reserve and most analysts on Wall Street expect a slowdown in US economic growth but still maintain positive growth, forecasters from Citigroup, Deutsche Bank, and Fidelity Securities reiterated their prediction of an economic recession. However, bearish individuals believe that the downturn in the economy will not be as bad as during the COVID-19 pandemic in 2020.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!