If you're watching this report from the United States we have some good news for you the much fair recession is unlikely to hit the country this year or for that matter anytime soon talks of a possible recession in the United States it's already receding Bank of America has revised its growth outlook for 2023 and 2024 and has changed its stance from a mild recession this
year to no recession now there is increased optimism about the economic future of the United States even fed Chief Jerome Powell said that he does not see any recession in 2023 Goldman Sachs 2 has brought down the odds of U.S entering recession from 25 the odds have come down to now 20 percent there is good reason for the rising optimism as well about the U.S
GDP forecasters have increased their projection for the third quarter of 2023. they now project economic growth accelerate to 3.9 percent in the third quarter this will be the best quarterly performance since the fourth quarter of 2021 a private employment report has shown that the U.S added 324 000 private jobs in July that's well above the 190 000 job editions that was expected for the month to top it off companies are saying that business is running far better than expected.
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