Canada
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

According to IMF officials, the recession in the United States is likely to be short and shallow.

Article author:

Reuters

Reuters

Washington — If the United States falls into recession, unemployment is likely to be “relatively short” with only a slight increase, which could look like a recession in the United States in the early 2000s. A source from the Monetary Fund said. Friday.

Nigel Chalk, Deputy Director of the IMF's Western Hemisphere, said the depth of the recession depends on the magnitude of the impact that takes the U.S. economy off the path of slightly avoiding the IMF's predicted recession. Said. A strong household balance sheet will bring about a recession.

"There are many savings in the system that help support demand, and the labor market is historically tight," Chalk said at a press conference on the IMF's review of US economic policy. "And all of this helps support the economy, so if it hits a negative shock, it should pass relatively quickly and then recover relatively quickly." (Report by David Lawder, Jonathan Oatis) Edited by)