EconomyUN assesses US short-term economic prospects

UN assesses US short-term economic prospects

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USA flag. archive photo

UN warns US economic outlook will worsen in second half of 2022

UN, 25 January – RIA Novosti. According to the UN’s report on the economic situation in the world and its expectations for this year, the short-term economic outlook in the USA began to deteriorate rapidly in the second half of 2022.

“The near-term economic outlook for the United States began to deteriorate rapidly in the second half of 2022 amid growing concerns about runaway inflation undermining production growth,” the report said.

Consumer price inflation rose sharply from 1.4% in December 2020 to 9.1% in June 2022, with average monthly price inflation of 4.7% in 2021.

“For most of 2021, policy makers saw inflationary pressures as temporary and expected them to disappear once the economy reopened. However, inflation continued to rise in 2022,” the document said.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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