NTD Business (Dec. 7): Possible Recession: Leading Economists and Bank CEOs; Nvidia Works With US on China Chip Curbs

Don Ma
By Don Ma
December 7, 2023NTD Business

Leading economists and bank CEOs are urging Americans to prepare for a sharp downturn and possible recession next year.

Reduced consumer spending is one factor Citigroup’s CEO Jane Fraser noted as indicating a looming recession in front of the Senate Banking Committee. She also included the two wars overseas, persistent inflation, and rising debt.

JPMorgan Chase’s CEO Jamie Dimon made a similar case at a summit in New York, saying interest rates may go up and that might lead to a recession.

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