Latest Updates: Related to Inflation

Economic Summary – Q1 2023

04/06/2023

As the new year began, first quarter economic growth was widely expected to (finally) slow. The December Bloomberg economist survey was forecasting no growth for the upcoming quarter, while a Wall Street Journal survey of U.S. economists showed an average Q1 GDP forecast of just +0.1%. A majority of economists in both surveys were expecting a mild recession sometime in 2023.

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