2023 Recession Analysis

NEW YORK, NEW YORK - MARCH 20: Trading ends for the day on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on Friday as investors continue to show concerns over COVID-19. (Photo by Spencer Platt/Getty Images)

Inflationary pressures, a lack of workers, and backlogged supply chains have all stifled the economy. The Federal Reserve’s central bankers are launching the most aggressive battle to stop rising prices in decades. According to the World Bank, major industrialized nations’ contractionary monetary policies will increase the likelihood of a worldwide recession. The likelihood of a U.S. recession, according to Goldman Sachs economists, is far lower, at 35%. As inflation falls and unemployment barely changes, the country will “stick a soft landing.” As other big economies are shaken by issues more severe than those in the US, positive growth may occur.

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