US Economy Headed for Recession, Citi Economist Warns
Citi’s chief US economist, Andrew Hollenhorst, has shattered the illusion of a soft landing, predicting a recession for the US economy by mid-2024. Data Contradicts Surface Positivity Despite positive indicators like historically low unemployment rates, robust consumer spending, and strong GDP growth, Hollenhorst warns that beneath the surface, the economic data tells a different story. […]