Planning Briefs
The Economic Outlook Through 1Q 2024
Published Wednesday, April 19, 2023 at: 9:08 PM EDT
The forecast for the United States is always a subject for doom and gloomers, and lately the headlines indeed do seem moribund: inflation, Russia, China, an 800% increase in the Federal Reserve’s benchmark lending rate since March 2022, and a banking system under stress. Amid a climate of political derision, fear about the dollar’s role as the world’s most trusted currency, and other fears making news, the 60 economists surveyed in early April see mild contraction ahead, but no recession.
Crisis, risk, and unexpected bad events are an unrelenting constant in a world that is slowly making progress. It’s important that 60 leading economists in early April surveyed by The Wall Street Journal (WSJ) are not predicting a recession. Knowing what that means to your investments requires perspective. To be clear, the growth of the economy drives returns on stocks, bonds, and other investments. For the record:
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