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.


The growth should rebound in 2024 as fed begins to loosen monetary policy.