U.S. Outlook

Losing Steam

Despite a highly restrictive monetary policy, the U.S. economy continues to outperform expectations. Real GDP growth in the first half of the year advanced by 2.0 per cent annualized and will accelerate with 2.5 per cent growth in the third quarter.

November 16, 2023  •  20-min read

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Recession Fears on Hold … for Now

August 1, 2023

The U.S. economy should avert a major recession over the near term, but much depends on how quickly inflation returns to the 2.0 per cent target as this would enable the Fed to halt interest rate hikes.

Impact paper  •  33-min read

Author

Principal Economist

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