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Stocks could fall 30 per cent as US heads for deep recession: analyst

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US Recession Nyheter

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There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

Stocks could fall 30 per cent as US heads for a deep recession driven by slowing labour market, analyst warns

Berezin also foresees widespread economic pain, with growth slowing sharply in Europe and China. This scenario could further weaken global growth and weigh heavily on international stocks. The forecast from BCA Research – one of the gloomiest on Wall Street – comes after a volatile year for the market.

 

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