USA

This has not been a smooth year for international markets to say the least, we’ve seen that American and Israeli businesses were hardly immune to the effects of increasing interest rates, with high inflation, the end of fiscal stimulus, as well as weak export markets all contributing to weighing down their respective economies. According to the latest Bloomberg monthly survey of economists, 7-in-10 believe there is a high likelihood that the US economy will sink into a recession in 2023, leading many to reduce their demand forecasts and cut their inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.