The possibility of another recession in the U.S. economy has increased

The possibility of another recession in the U.S. economy has increased Wanwei Reader Network The only report compiled by a reporter from Wanwei Reader Network: According to a CNN survey of economists, the U.S. economy...

The possibility of another recession for the U.S. economy has increased. The only report compiled by a reporter from Wanwei Reader Network: According to a CNN survey of economists, the chance of the U.S. economy falling into recession again has increased. Although the probability of occurrence is not very high, it is higher than before. The weakening trend of the U.S. economy is already obvious. Even the most optimistic economists, although not worried about recession, have lowered their expectations for the U.S. economic growth rate. (www.creaders.net) Economists believe that the probability of another recession in the United States is 15%. At the beginning of the year, the probability was only 5%. Princeton University economist Bernard Baumohl said the U.S. economy is weak now and therefore vulnerable to world politics and oil prices. The current situation in the Middle East has not calmed down and is a huge threat to the United States and the world economy. The recent series of economic figures in the United States are not good, the job market has not improved, the real estate market has further declined, and personal and corporate consumption has decreased. High oil prices and food prices have reduced consumer confidence. Economists are worried about threats from within the United States and from outside, such as the impact of Greece's debt problem on the entire world financial system. Baumohl believes that the chance of another recession in the U.S. economy is less than 20%. At the beginning of the year, he thought the chance was zero. EconoPlay economist Gary Rosenberger said that the U.S. economy was good at the beginning of the year and the job market was improving, but then the Japanese natural disaster and the local tornado disaster occurred, which was also uncontrollable. (www.creaders.net) Economists generally believe that the GDP growth rate this year will be only 2.3%, compared with 2.9% last year. Despite this, most economists do not believe that Congress will again pass a resolution to inject funds to stimulate the economy. Economists hope that the government can implement measures such as reducing military spending, increasing infrastructure consumption, and raising the debt ceiling. The most important thing is for the government to reduce the deficit. After the end of QE2 in June, economists believed that the Federal Reserve should not inject further capital into the financial system because interest rates and funding are not the main problems of the economy at present, so printing money by the central bank will not have a good effect on the economy.