Many major economies will enter recession over the next 12 months, Nomura says
Updated: 05 Jul 2022, 11:30 AM IST
TL;DR.For mid-sized economies, including Australia, Canada, and South Korea, there’s a risk of deeper-than-forecast recessions if interest rate hikes trigger housing busts. Japan is forecast to have the mildest recession of the group thanks to ongoing policy support
Nomura sees both the US and the euro area economies contracting 1% in 2023.