This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
The US economy, which is known as the world’s largest one, may soon collapse. Even economically illiterate people have already noticed some signs of the upcoming catastrophe.
The overall picture will soon become clear. The fact is that the US authorities cannot hide the economic slowdown anymore. Treasury Secretary Janet Yellen was the first who admitted gloomy prospects. “The economy is slowing down,” Yellen acknowledged. Last year’s rapid 5.5% growth allowed people, who lost their jobs amid the pandemic, to go back to work. Now, the Treasury secretary has nothing to say to hide the real state of affairs. “This isn’t an economy that’s in recession,” Yellen said. “We’re in a period of transition in which growth is slowing, and that’s necessary and appropriate, and we need to be growing at a steady and sustainable pace,” she added.
Earlier, Janet Yellen vowed to “impose harsh consequences on those who abuse the global economic order.” She believes that “the United States and allies like South Korea should focus on friend-shoring”, which offers a way to preserve the best features of the rules-based global order.