Will There Be Recession in 2022? Predictions From Grantham, Shilling, Others
Associated: Mohamed El-Erian: 10 Insights for Advisors When There’s No ‘Secure Haven’
Uncertainties surrounding inflation, rate of interest hikes, struggle in Ukraine and different variables has led to numerous knowledgeable opinions on whether or not a recession is imminent, with main traders and analysts providing contrasting forecasts.
Chief monetary officers at main organizations don’t suppose the financial system can keep away from a recession, and a majority count on one within the first half of 2023, based on a brand new CNBC CFO Council survey. However there are diverging views even inside organizations.
Disagreement over the financial system’s route is clear in latest views from main gamers at JPMorgan Chase.
JPMorgan Chairman and CEO Jamie Dimon expressed warning earlier this month about an approaching financial “hurricane,” though he wasn’t certain whether or not it might be small or a superstorm. He mentioned the financial institution was making ready for “unhealthy outcomes,” CNN reported.
As The Washington Submit famous this week, nonetheless, high JPMorgan analysts provided sunnier views.
Marco Kolanovic, JPMorgan world head of macro quantitative and derivatives analysis, mentioned the identical day he doesn’t count on a recession this 12 months, based mostly on financially sturdy American customers and worldwide post-pandemic lockdown reopenings.
Days later, the Submit famous, JPMorgan Chief Economist Bruce Kasman informed Bloomberg he expects financially sturdy customers and corporations to maintain the financial system wholesome, doesn’t see a monetary storm on the way in which and thinks the financial system will sidestep a recession in 2022.
Within the gallery above is a sampling of latest views from main economists, analysts, strategists and traders on the recession outlook.