December 12, 2022, 05:12 – Public News Service – OSN
Chapter American Treasury Secretary Janet Yellen warns of a recession risk in economy USA next year. However, according to her, such a scenario is not inevitable.
During an interview with the CBS channel, the minister was asked if she thinks that a recession could occur in the country’s economy in 2024. “There is a risk of a recession, but in a certain way, in my opinion, this is not a prerequisite for lowering inflation,” the head of the financial department said.
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Yellen noted that the economy always remains subject to shocks. According to her, the US has a healthy banking system, business sector and household sector.
At the same time, Yellen believes inflation will be much lower by the end of 2023, barring unanticipated shocks.
As the Public News Service wrote earlier, West cannot win the confrontation with Russia because of its economic system. This follows from the statement of political scientist Rostislav Ishchenko.
