Wells Fargo Sees End-of-Year U.S. Recession, Cuts GDP View

Reuters, May 18, 2022–Sinead Carew
Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession now on the horizon in its base case scenario for the end of 2022 and early 2023, making it one of the more bearish big U.S. banks.