The US economy is showing substantial resilience according to Dr. Ray Perryman of the Perryman Group. He anticipates the economy to slow down in 2023 with a likely soft landing. Consensus also predicts the nation’s GDP growth rate to remain somewhat steady at around 0.36% well into fourth quarter of 2023. However, due to higher rates set by the Fed, Wells Fargo projects a deeper downturn and forecasts a 1.5% decline in real GDP, reflecting contractions in spending on durable goods and residential ...

From Issue: From Theory to Practice: Converting Company Strategy to Flawless Execution
(Winter 2022-2023)

U.S Economy Surprisingly Resilient, Fed Forced to Keep Interest Rates Higher Into 2024