BITCOIN

The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in recession, it would feel like recession for hundreds of millions of people,” said IMF chief Kristalina Georgieva. IMF’s 2023 Economic Predictions International Monetary Fund (IMF) Managing Director Kristalina Georgieva shared the IMF’s predictions on the U.S., the EU, China, and the world economy in an interview with CBS, aired Sunday. She detailed: This is what we see in 2023. For most of the world economy, this is going to be a tough year, tougher than the year we leave behind. Why? Because the three big economies, U.S., EU, China, are all slowing down simultaneously. “The U.S. is most resilient. The U.S. may avoid recession. We see the labor market remaining quite strong. This is, however, a mi...

Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year. Peter Schiff’s 2023 Economic Predictions Economist and gold bug Peter Schiff shared his 2023 predictions about the U.S. economy, the dollar, and the stock market in a series of tweets Friday. “The U.S. dollar index may have had a strong year, but it ended the year on a six-month low, down 10% from its November high,” he began, elaborating: This weakness will likely continue in 2023, with the dollar having one of its worst years ever. If I’m right the inflation problem is about to get much worse. Schiff also disagreed with Wharton University’s finance professor Jeremy Siegel who shared his economic view on CNBC last week. “Jeremy Siegel is wrong,” Schiff contended. Siegel “thinks falling real estate prices means th...