US Economy Poised for Slower but Steady Growth in 2023 Despite Recession Worries
-
The US economy is forecasted to expand by 1.6% in Q4 2023, signaling slower but continued growth rather than recession.
-
Economists are mixed on whether a recession will hit in 2024, but some see signs of a "soft landing" for the economy.
-
Interest rate cuts expected in 2024 may help offset economic headwinds.
-
The job market remains strong overall, with low jobless claims signaling resilient hiring ahead.
-
This momentum in hiring and jobs will likely sustain modest economic growth into early 2024.