As IMF lowered its forecast for world economy growth in 2022 and 2023 by 0.4% and 0.7% to 3.2% and 2.9% for 2022 and 2023. IMF's cut was mainly due to worry about three major economies' growth, namely US, China, Europe,
US economy is hitting by high inflation and Fed try to kill the inflation by increase interest rate.
China is fighting covid and obeying strict lockdown and covid-zero policy, this crippled economic activities.
Europe is losing steam due to lack of energy to drive the economy.
These are the overall economy situation globally. If economy is going to weaken, how would stock market perform? The answer is the stock market would be weaken.
US:
Politics:Biden is position to get more he promoted act passed during his term to win mid term election.
Economy:US economy keep growing by 1.6%, which is relatively high speed.
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