First Bank Predicts 2022 Recession

A recession is looming.

Nomura has now become the First Bank to call for a 2022 recession.

From Zero Hedge:

Sure enough, we were right once again because late on Sunday, Nomura became only the second bank to join DB in calling for a recession as its base case, and also became the first bank expecting this outcome to hit some time in the second half (unlike DB’s generously delayed forecast of a “late 2023” recession).

And once again echoing what we said back in December 2021, when we predicted that “the Fed is hiking rates into a recession”…

According to economists surveyed by the Wall Street Journal, there is a 44% chance of a recession over the next 12 months.

The Journal points out that this number is usually only seen when a recession is around the corner.

From The Wall Street Journal:

Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in the next 12 months, a level usually seen only on the brink of or during actual recessions.

The likelihood of a recession has increased rapidly this year as inflationary pressures remained strong and the Federal Reserve took increasingly aggressive action to tame them. Economists on average put the probability of the economy being in recession sometime in the next 12 months at 28% in the Journal’s last survey in April and at 18% in January.

The Palmieri Report is a Pro-America News Outlet. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions. Make sure to bookmark The Palmieri Report for new articles every 30 minutes!

Follow us on social media:

Follow us on Truth Social 

Follow us on GETTR

Follow our Rumble for daily uploads

Click to visit our store

Listen to our Daily News Podcast!

Share Your Thoughts

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.