Bank of America chief predicts ‘mild recession’ in 2023
Bank of America chief predicts ‘mild recession’ in 2023
(The Hill) — Bank of America CEO Brian Moynihan said Tuesday he’s expecting a “mild recession” in 2023, sounding a more positive note about the state of the economy than many in the financial world have been broadcasting amid 40-year-high inflation.
Doomspeak about the possibility of a recession has been coming out of the financial sector since the summer when JP Morgan Chase & Co. CEO Jamie…