AI-driven market correction could push US into recession, global growth below 1%: Fitch

AI-driven market correction could push US into recession, global growth below 1%: Fitch

Fitch modeled a downside scenario with a 35% drop in US stocks, 15% in non-US stocks, and a confidence-driven hit to US private investment, indicating recession for the US

Fitch Warns AI Market Correction Could Push US Into Recession, Drag Global Growth Below 1%

A sharp correction in global equity markets combined with a pullback in artificial intelligence investment could push the US economy into recession in 2027, according to a downside scenario modeled by Fitch Ratings. The credit rating agency said the shock could have consequences far beyond Wall Street. Under the scenario, global economic growth could fall […]