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Friday 20.07.2018 | Name days: Ramona, Ritma

Economists: US likely to experience another crisis

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Deterioration of US macroeconomic rates in the second quarter of the year has created serious threat of another recession. Economists consider that there is 20% possibility of another crisis.

Specialists suggest reducing Gross Domestic Product (GDP) growth forecasts, yet any improvements of the situations could only be seen after 2011, reports The Wall Street Journal.

A survey of 53 economists conducted by the journal reveals that there is 22% possibility that the crisis could return.

Economists indicate that GDP could increase by 1.9% in the third quarter, but in the last one – by 2.4%. The previous forecasts have been more optimistic assuming that GDP could grow by 3% in both of the quarters.

«To my mind, there is 25% possibility of another recession, the other economists think alike,» points out the economist David Resler.

UniCredit Group experts think that the number of employed is to grow slowly. Their forecasts estimate that the unemployment rate at the end of the year could reach 8.75 – 9%.

Almost all of the experts agree that US economy is to face serious difficulties during the following two three quarters; however the growth of it will increase in the second half of 2011.


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