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Quarterly Economic Outlook
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This week’s Economic Perspective is the Quarterly Economic Outlook for the three months ending June 30.
There are no changes in the broad parameters of my forecast: Continued economic growth for the remainder of this year with only modest progress against inflation, excluding energy prices. The current expansion cycle has entered its final phase, which means that investors should expect a progressive increase in classic cyclical pressures over the next six to nine months. The odds of recession will increase during 2024. History shows that long-term financial assets perform poorly in the final stage of an economic expansion cycle... READ MORE
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June 27, 2023
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