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Edward Moya, a senior market analyst for the Americas at OANDA Corp. in New York says that the economy appears to be tipping into a recession. “It looks pretty clear that we are going to see parts of the economy break and we are heading for a recession.”
“We forget that there’s also a banking crisis going on, so there’s going to be some pain that’s really going to cripple small and medium businesses. We are going to see some tough times and are probably going to see this play out in markets,” Moya added according to a report by Market Watch.
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Excerpt Sourced From: noqreport.com
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