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2023 economic summary: The year of defied expectations
The year 2023 will be remembered by economists and investors as 365 days of resiliency and defied expectations. This week’s Weekly Economics will dive into the U.S. economic landscape and summarize the major factors that shaped the nation’s economic trajectory this year. Economic growth: The preliminary release of the 4Q23 GDP growth won’t be released until the end of January, but the U.S. economy likely experienced another strong quarter, pushing GDP for the whole year north of 2.4%. Not too bad for an economy that entered the year with Bloomberg Economics’ model giving it a 100% chance of a recession in ... (full story)