According to Bloomberg, the possibility of an American recession next year is 28%, over the next two years could reach 60%, and in three years will be more than 80%. According to the Federal Reserve Bank of New York, the probability of a recession by the end of 2019 is 14.5%, which is significantly different from the 60% stated by JPMorgan bank by the end of 2020.
The difference comes because JPMorgan's analysis tracks every indicator that could affect the global economy, namely compensation growth, consumer and company confidence, and economic activity.
In general, most economists in the United States expect a recession to occur in the next two to three years. David Altig, director of research at Atlanta Federal Bank, said American analysts expect a market collapse by 2020. Trade issues are clearly influencing expert opinion, and together with interest rates charged by the Fed, make an imminent US market crash more likely.
While many economists are predicting a market crash and a major recession over the next two years, demand for cryptocurrency is soaring. Financial institutions such as Fidelity, Goldman Sachs and Citigroup have created the infrastructure to target investors planning to invest in this market.
Experts said the growing trend of large financial institutions entering the digital market suggests that demand for cryptocurrency from investors in the traditional financial sector has increased rapidly over the past few months.
As explained by Jim Hamel, manager of the Artisan Global Opportunities fund, the digital payments industry has been tested in recent years exponential growth, which led investors to the cryptocurrency market.
“This is influenced by various factors. First, we are seeing rapid growth in e-commerce, which requires customers to be able to make secure digital payments. The growth of cross-border transactions and the impact of an increasingly globalized market are only accelerating this trend.”
According to ccn.com
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