By Joseph Branch in Economics News —

Recession in the U.S. is almost inevitable, Bloomberg economists

Recession in the U.S. is almost inevitable, Bloomberg economists
Photo by D koi / Unsplash

According to the model constructed by economists of BBG Anna Wong and Elise Winger, the probability of recession in the U.S. in 12 months reaches 100%. Such forecast goes against the positive expectations of Biden who earlier was sure of the "impossibility" of recession.