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Experts Warn of Economic Recession in the Near Future

ByAlki David

Apr 15, 2023

A recent meeting of the Federal Open Market Committee has revealed that economists are forecasting a potential recession in the coming months. The minutes from the meeting, which were released on Wednesday, showed that the economy may not fully recover until next year.

The committee’s staff predicted a mild recession starting later this year, citing the potential economic effects of recent developments in the banking sector. Although the committee expects a recovery over the following two years, real GDP growth in 2024 is projected to remain below potential output growth, with GDP growth in 2025 expected to surpass it.

While this is concerning news for the economy, President Joe Biden seems to have other priorities. Rather than dealing with the potential recession, the president is currently visiting Northern Ireland.

It remains to be seen what actions the administration will take to address the potential economic downturn and prevent a full-blown recession. As the situation unfolds, experts will continue to monitor the economy closely.

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.