the Fed forecasts a less brutal recession in 2020 (-3.7%)

Washington (awp / dpa) – The US Central Bank, which left interest rates unchanged, released mixed economic forecasts on Wednesday, banking on a less severe recession and lower unemployment this year but a smaller rebound for 2021 and 2022.

For 2020, the contraction of the US gross domestic product should amount to 3.7% against 6.5% estimated in June, before a rebound of 4% in 2021 against 5% previously anticipated. Unemployment, which was at its lowest level in 50 years at 3.5% in February, is expected to rise 7.6%, better than the 9.3% estimated in June when the economy was recovering. gradually in motion after the paralysis caused by the Covid-19 pandemic.

The powerful financial institution unsurprisingly left its interest rates unchanged. However, this decision was not taken unanimously, with two people voting against.

afp / rp

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