By Richard Frankel
- GDP growth is slow and will likely take years to fully recover to its 2% growth trend.
- We are not currently in a recession but may be heading toward a shallow recession in the near term.
- We are in a period of very slow economic growth globally.
- Inflation has moderated but is still very high.
Figure 1. Economic Growth and the Composition of GDP
This is a snapshot view the full Economic Commentary below.