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Economic Overview – Q1 2023

Written by First Affirmative

Economic Commentary, First Affirmative News

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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.

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