Inflation to persist for a longer time; we may see worst recession in living memory, says Jim Walker
Updated: 21 Jul 2022, 11:20 AM IST
- Jim Walker belives a recession is inevitable and it will be around for a longer time and this could be the worst recession in living memory.
For the market, Walker believes the worst has not even begun yet. He expects S&P500 to fall more than 20% this year and then another 20% next year as corporate profits are crushed. (AP Photo/Lee Jin-man)