HSBC Bank warns of US recession this year, recession in Europe in 2024
Image Credit: Ucg | Universal Images Group | Getty Images
HSBC, the financial services company has predicted a recession in the United States this year. The British universal bank has also forecasted a recession for Europe in the year 2024. HSBC said that the United States will enter into recession this year while the year 2024 will mark a "year of contraction". Meanwhile, the European Union is also expected to be in recession in the coming year.