Despite the US Federal Reserve’s (Fed) restrictive monetary policy, America has not slipped into recession for the time being. “Currently, most economists expect a soft landing for the US economy, that is, growth rates of between one and two percent,” says Carsten Claudy, chief economist at Bankhaus MM Warburg. The conditions for this are good: a high employment rate and the accompanying increase in income are positive signals for consumption, which accounts for about two-thirds of the US economy.
But dark clouds are also gathering in America. Ratings agency Fitch recently downgraded its rating due to rising national debt and a long-running dispute over…
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