U.S. Avoids Recession in 2023 But Stagflation Risk Looms in 2024
- U.S. avoided recession in 2023 due to strong consumer spending
- Stagflation is a risk in 2024 according to Eurasia Group economist Robert Kahn
- Kahn believes the Fed is too optimistic about a soft economic landing
- Downside scenario could be driven by high oil prices and problems abroad
- China's economic issues could also contribute to lower U.S. demand
