A financial advisor said Friday that the U.S. economy could slow down for four straight months due to an economic slowdown.
Matt L. O’Brien, a senior investment strategist with UBS Wealth Management, said the economy could stall for as long as four consecutive months.
“The longer we are looking at the economy, the more difficult it is to forecast,” O’Briens said.
“We are not looking at a recession or recession-like trajectory.
We are not saying it’s going to go on for four months.
But if it goes on for 4 months, that’s the time frame for what’s possible.”
The slowdown is expected to be more severe than a slowdown from the global financial crisis in 2007-2008, which was a period of severe economic contraction.
O’Brien’s comments came as the U,S.
and Europe suffered their worst economic downturn in decades, with the U