The Conference Board does not believe that the US economy is currently in a recession. We forecast that US Real GDP growth will rise to 1.9 percent (quarter-over-quarter, annualized rate) in Q2 2022, vs. -1.5 percent growth in Q1 2022. At present, US economic activity continues to expand, and the labor market remains robust, despite headwinds from inflation and interest rates. However, these forces are likely to significantly curb consumer spending and business investment over the coming quarters. Annual growth in 2022 should come in at 2.0 percent (year-over-year) and we expect growth of 0.6 percent (year-over-year) in 2023.
Read more at:Economic Forecast for the US Economy
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