The worst is yet to come: Economist Stephen Roach says US needs 'miracle' to avoid recession

The worst is yet to come: Economist Stephen Roach says US needs ‘miracle’ to avoid recession

Negative economic growth in the first half of the year could be a precursor to a deeper recession that could last into 2024. Stephen Roach, the former chairman of Morgan Stanley’s Asia division, warned that the U.S. needs a “miracle” to avoid a recession. “As the lagged effects of this major monetary tightening start to …

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