Photo: Spencer Platt/Getty Images
As Americans return to their routine after the holiday season, concerns have grown about a possible recession.
However, Moody’s Analyticshas assured that the most probable scenario is a slow recession, where growth almost stops, but in any case a total economic recession is avoided.
In accordance with Mark Zandi, Rating Agency Chief Economist, Financial Risk Under almost any scenario the economy will have a very difficult year 2023, given all the recent concerns a slow recession would be a relief to all.
Zandi said that economic growth stops almost completelybut never go back. Unemployment would rise, but not skyrocket.
Moody’s does not rule out the risk of a recessionremains a serious threat and saying that the economy is especially vulnerable to a shock. The firm also expects unemployment to rise from 3.7% current unemployment to 4.2% by the end of the year.
There is also a real risk of a self-fulfilling prophecy, where owners, businesses and consumers become so alarmed that they cause the very recession they fear.
In addition to cooling inflation, Moody’s optimism consumers’ ability to weather the storm this year.
The economist also pointed to the solid fundamentals of the US economy, including profitable businesses, balance sheets of healthy consumers, and a banking system that is on financial footing. as solid as ever.
Zandi noted that the economy is not plagued by worrisome imbalances, which were evident in past recessions such as bloated housing markets or massive asset bubbles.
Controversy in the Pinal family
The living legend Silvia Pinal has had ups and downs in health, which is why his 91 years He already has all his papers in order talking about the will. Despite this, people close to his family declared in a magazine that Luis Enrique, one of the heirs and his son, would have tried to take his mother to the public notary and without notifying the rest of his family.
What would have triggered the alerts in Sylvia Pasquelhis other daughter, because he fears that his half brother will take advantage of his mother’s physical condition to make her sign a will for his own benefit.
Keep reading
From Juan Gabriel to Rosalía: Latinos and Hispanics who are among the 200 best singers in history
Find out which celebrities turn 50 in 2023, even if it doesn’t seem like it
Vesna Vulovich: the stewardess who survived a 10,000-meter fall from an airplane