Economic Outlook Remains Bright, But Challenges Loom on the Horizon
As the US economy navigates the complexities of 2023, the probability of avoiding a recession, as defined by the National Bureau of Economic Research (NBER), remains high through the end of the third quarter. While the fourth quarter presents a more uncertain landscape, making predictions at this juncture is mere speculation. On the other hand, the evidence suggests a strong foundation for a sustained upward trend in economic activity.
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