Skip to content

US Economy Faces Recession Risk In Coming Years, Expert Warns

US Economy Faces Recession Risk In Coming Years, Expert Warns
The US economy faces recession risks with potential for a 30% stock market drop, according to BCA Research.

Table of Contents

BCA Research, a Canadian investment research organization, is predicting increased volatility in the US stock market. Chief global strategist Peter Berezin warns that the economy may fall into a recession either this year or in early 2025, leading to a potential 30% drop in the S&P 500. Berezin's prediction is based on the belief that the labor market will slow, impacting consumer spending and economic growth. He also predicts economic challenges in China and Europe, which could further weaken the global economy and increase pressure on international stock markets. This comes after the Dow Jones Industrial Average reached a record high in mid-May but has since dropped. This prediction is one of the most pessimistic on Wall Street and follows a turbulent year for the market.

Source

Latest