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Economic Overview – Q4 2023

Written by First Affirmative

Economic Commentary

By Richard Frankel


  • Recession Determinants: We are not currently in, nor are we headed toward, a recession.
  • GDP: We are unlikely to see GDP growth of over 1.5% over the next few years.
  • Inflation: CPI is below its 50-year average – albeit above the Fed’s 2% target.
  • Consumer Sentiment: Consumer sentiment is rising, but stands well below 100, meaning people are not optimistic about current economic conditions.

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