United States (bbabo.net), - U.S. Treasury Secretary Janet Yellen said there is a risk of a recession in the American economy in 2023, but stressed that she does not consider such a development to be inevitable.
In an interview with CBS, she was asked if she thinks there will be a recession in the US next year.
“There is a risk of a recession, but this is definitely not, in my opinion, a prerequisite for lowering inflation,” Yellen replied.
“There are always risks of a recession, the economy remains exposed to shocks. But we have a very healthy banking system, we have a very healthy business and household sector,” the head of the department added.
At the same time, as the minister noted, she believes that "by the end of next year, inflation will be much lower, if there are no unforeseen shocks."
US GDP showed a consistent decline in the first two quarters of the year, which is considered a sign of a recession. However, a number of other economic indicators - the state of the stock market, the decline in unemployment and the emergence of new jobs - indicate that the US economy is still quite stable. In the third quarter, according to the US Department of Commerce, GDP growth was recorded - it increased by 2.9% year.