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Guest Charlie The Tramp

America Is Already In Recession, Say Top Economic Global Experts

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Guest Charlie The Tramp
Experts have accused the International Monetary Fund of "driving the car using the rear view mirror" after the global body warned the U.S. was on the verge of a recession.

The world's biggest economy is already in a recession, they claim, as a draft version of the IMF's World Economic Outlook declared the U.S. economy is "very weak". Nigel Gault, chief US economist at Global Insight, a worldwide economic forecasting and consultancy firm, said he believed the US was in recession already - and that spelt problems for other countries, including the UK.

He said: "The US has, for years, been the primary motor for growth in the global economy. However, now consumer spending in the US has seen a downturn, the tables are turned, and the US is looking to the rest of the world for support, through strong export growth, and cutting imports.

"This is happening, US exports are doing extremely well, but it's not enough to keep the economy out of recession.

America is ALREADY in recession, say top economic global experts - and that spells trouble for the UK

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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