GDP - Economist Mark Zandi Warns Of Looming Recession Urges Fed To Cut Interest Rates | Benzinga
Moody’s Analytics’ chief economist Mark Zandi has warned of an impending recession and urged the Federal Reserve to cut interest rates.
What Happened: In a tweet on Saturday, Zandi expressed concern over the slowing economy.
He noted that the real GDP is projected to grow by only 1.5% in the first half of this year, a significant drop from the 2.5% growth seen last year.
Despite the low unemployment rate of 4%, Zandi pointed out that it is on the rise. He warned that this increase “is nearing a threshold” that suggests a recession is imminent.
The economy is throttling back, with real GDP on track to grow 1.5% in the 1st half of this year, down from 2.5% last ...