📝 Expect U.S. to Fall Into Recession In 4Q 2022: Nomura

Financial conditions are likely to tighten further, consumers are experiencing a significant negative sentiment shock, energy and food supply disruptions have worsened and the outlook for foreign growth has deteriorated. See the U.S. falling into a mild recession in 4Q of 2022 on the back of Federal Reserve's commitment to restoring price stability. Revising lower real GDP growth forecast for 2022 to 1.8% from 2.5%, expect GDP to contract by 1.0% in 2023. - Nomura