Future of USA's Economy
Why Americans shoud know this
Economic weakness will increase and spread more widely throughout the USA
A recession is forcasted in early 2023, by
The Conference Board Economic Forecast
Reasons are persistent inflation and hawkish Federal Reserve.
GDP will fall to 0.2% in 2023, and rebound to 1.7% in 2024.
Rising interest rates will intensify the US economic recession.
Unemloyment rate will be 4.5%, which is low as per historic standard's.
However this down turn will be relatively mild and brief.
should rebound in 2024 as fed begins to loosen monetary policy.