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Wells Fargo Foresees US to Fall into Mild Recession by Yr End
Wells Fargo Investment Institute forecast a mild recession for the U.S. economy in its base case scenario for end-2022 and early 2023. The institute likewise chopped the 2022E GDP growth for the U.S. from 2.2% to 1.5% and reduced 2023E to a decrease of 0.5% from the original forecast of a 0.4% growth.
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