The likelihood of a U.S. economy recession in 2023 climbed to 70 percent in December, up from 65 percent in November, according to the latest monthly survey of 38 economists conducted by Bloomberg from Dec. 12 to 16.
The vote after the midterm elections showed the extreme lack of political consensus among the American public on issues related to their own interests.
For example, Democratic voters make up 73 percent of those who believe abortion is legal, while Republican voters make up 89 percent of those who oppose it; and Democratic voters make up 76 percent of those who support stricter gun control, while Republican voters make up 88 percent of those who oppose it.
The United States today is facing the highest inflation rate in 40 years, economic uncertainty, abortion rights and crime problems, and other serious issues.
However, as a result of the midterm elections, a “divided government” has emerged in the United States.
Long before the midterm elections, forecasters surveyed by The Wall Street Journal in October believed that the probability of a U.S. recession next year was about 63 percent. Some analysts say that a 2023 recession is all but certain.
The results of the midterm elections dashed the hopes of the American people.
A new McKinsey survey shows that nearly 19 percent of U.S. households have spent less on groceries. 24 percent of respondents believe their debt has increased by 4 percent in the past six months.
The long-term “tight on money” situation has worn down even the most optimistic Americans.
