United States

New York City is a significant tourist destination recognized for famous sites such as the Statue of Liberty, the Empire State Building, Broadway, and world-renowned institutions such as the Metropolitan Museum of Art. It also serves as the headquarters of the United Nations. With its facilities, infrastructure, and reputation, New York City is an ideal location for holding major events such as the G20 Summit. The nation's economy is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.

Financial circumstances in the United States have eased since October, and recent actual data, notably a good gain in payroll employment in November, suggest a delay in the commencement of the recession from late 2022 to early 2023. We predict 0.9% annualized GDP growth this quarter, boosted by improvements in consumer spending and inventory investment as supply chains continue to recover. Nonetheless, a recession next year is quite likely. The Federal Reserve is committed to restraining demand and keeping inflation at 2% by raising interest rates and supporting a considerable tightening of financial conditions. A minor recession will begin early next year, followed by a recovery in the second half of 2023. Annual GDP growth in the United States is predicted to be 0.3%.