WORLD US has 'very narrow path' to avoid recession: IMF

WORLD

US has 'very narrow path' to avoid recession: IMF

AFP

22:08, July 26, 2022

The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF said Tuesday.

A man works near the New York Stock Exchange on March 11, 2022, in New York City, New York, U.S. (Photo: CFP)

"It's a very narrow path," IMF chief economist Pierre-Olivier Gourinchas said. "The current environment suggest that the likelihood that the US economy can avoid a recession is actually quite narrow."

He warned that even a "small shock" could tip the US economy into recession.

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