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Russia’s Ukraine Invasion Adds to Pressures on Mortgage Biz

Inflation concerns and supply-chain troubles have been joined by the economic impact of Russia’s invasion of Ukraine as the Federal Reserve begins raising interest rates. That’s according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research Group.

Ukraine War flag gbf17affd1 640The ESR Group has reduced its forecast for full-year 2022 real GDP growth to 2.3% from 2.8% a month ago.

“A slowing economy, decades-high inflation, expired fiscal stimulus, tightening monetary policy, and now Russia’s invasion of Ukraine are all weighing on the health of the US economy," said Fannie Mae chief economist Doug Duncan.

Read the March 2022 commentary.

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