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Ten Economic Questions for 2023
Below are my ten questions for 2023 (I've been doing this every year for over a decade!). These are just questions; I'll follow up with some thoughts on each of these questions. The purpose of these questions is to provide a framework to think about how the U.S. economy will perform in 2023, and if there are surprises - like in 2020 - to adjust my thinking. 1) Economic growth: Economic growth was probably under 1% in 2022 as the economy slowed following the economic rebound in 2021. The FOMC is expecting growth of just 0.4% to 1.0% Q4-over-Q4 in 2023. How much will the economy grow in 2023? Will there be a recession ... (full story)