Monday, June 4, 2012

The U.S. economy is preparing for the new recession

U.S. Congressional Budget Office has once again started talking about a possible reduction of the U.S. economy in the first half of 2013 by 1.3 percent.

Experts believe that up to half of GDP will be reduced if the time will come into force on planned tax increases and budget cuts.

Recall that in December of this year, ending the so-called "Bush era" and the tax increase as a consequence.

Fears that higher taxes will slow down the recovery, expressed including the head of the Fed.

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