Analysts warn: US economy will fall into a deep recession and US stocks may fall by 30%
Wall Street, U.S. (data map)
Overseas Network, July 2. According to Fox News on the 1st, Peter Berezin, chief global strategist at Canadian investment research company BCA Research, warned in a recent report to clients that the U.S. economy will fall into a deep recession this year or in early 2025. Once this happens, the S&P 500 index may fall to 3,750 points, a 30% drop from the current level. Berezin’s warning is based on the following trends: The U.S. labor market will slow significantly in the coming months, which will seriously affect consumer spending, the main driver of economic growth. Berezin explained that the reason why the United States avoided a recession in 2022 and 2023 was because the Federal Reserve implemented an aggressive monetary tightening policy, but this policy cannot last long. Berezin also warned that when the labor market slows down, the U.S. economy will suffer a widespread impact, and economic growth in Europe and other places will also slow down significantly. This situation may further weaken global economic growth and seriously drag down international stock markets.
