Economic Outlook: Recession worries re-emerge as high interest rates sap the U.S. economy

This post was originally published on this site

The U.S. defied widespread forecasts of recession this year, but the economy probably won’t escape unscathed in 2024.

Most economists predict a sharp slowdown in growth as high interest rates weigh more heavily on households and businesses. The cumulative effect of high inflation over the past three years will also remain a big drag.

There’s…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now