Posted 12/30/2023, 10:00:00 AM
Major Economies Show Resilience Despite Challenges as Markets End 2022 Strong
- Despite challenges, major economies have shown resilience, with no recessions outside Germany and unemployment staying low
- Stock markets ended 2022 at or near all-time highs, suggesting confidence in economic prospects
- Threats like China-Taiwan conflict and energy price spikes did not materialize as feared
- UK economy is showing signs of improvement like strong tax receipts and hiring even as headlines remain gloomy
- US presidential election will likely be a choice between Biden and Trump again, but the economy tends to chart its own course regardless