Recession 70% conform..!? American people in fear..?

Interest rates in the world's leading economy, the united states, continue to rise. Although this is seen as a measure to control inflation, experts continue to warn that it may have an impact on the growth of the United States. However, the Central bank of the united states is warning that this strict action will continue next year. Meanwhile, 7 out of 10 economists say the U.S. economy could collapse next year. He said that this will lead to a recession. Demand is easing amid ever-rising interest rates. While this may curb inflation, it is largely impacting economic growth. According to the latest Bloomberg Monthly survey, the rate of decline in 2023 is up from a 65% decline last November. This is more than the last 6 months. In this survey conducted from december 12 - 15, 38 economists have revealed that there is a possibility of a recession.The US growth rate is likely to be a meager 0.3% next year. A 0.7% improvement can be seen in the second quarter. It is also estimated that there will not be much growth in the first and third quarters of the same. Consumer spending, which accounts for two-thirds of GDP, is forecast to show modest growth in the medium term. With US interest rates continuing to rise, several factors such as high inflation, fiscal stimulus, and a weak export market are expected to pose major challenges to the market. In the context of increasing loan interest, the order value has also started to decrease. It is expected to have an impact on other developments as well.The Federal Reserve bank has also indicated that it may continue to tighten until inflation reaches its 2% target. The Fed's interest rate hikes are currently the highest since 2007. The problem may get worse in the next year when the interest rates go up further. The US has yet to think about cutting interest rates. Don't even consider it. There are also fears that if the central bank continues to act, it may have an impact on the job market. The unemployment rate is expected to average 4.9% in 2024. Persistently high inflation may lead to reduced interest rates on loans and household spending among children. This could push the above economy into a worse slump. Private investments may decline. This may further impact the economy. This may further reduce productivity in the industrial sector as well. As America recovers, it may affect exports from India. It can have an impact on economic growth in india as well. A recession in the US could have a major impact on the IT sector. This may also have a negative impact on the indian IT sector, which is highly dependent on the US.