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Gary Shilling predicts a U.S. recession and a 20% to 30% drop in stock prices.
Veteran economist Gary Shilling predicts a U.S. recession and a significant drop in stock prices are likely.
He attributes the potential downturn to high interest rates, a frozen housing market, and weakening consumer spending.
Shilling warns the S&P 500 could fall 20% to 30% by year-end, as inflation and strained household finances limit economic growth.
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Gary Shilling predice una recesión en los EE.UU. y una caída de 20% a 30% en los precios de las acciones.