2023 was seen by several analysts as the year where the United States would finally be hit by a brutal recession.
However, it did not happen.
Experts and specialists still say that the worst is yet to come in early 2024. And to be honest there’s a lot of brown matter that’s about to hit the fan.
Economic activity is still operating below a sustainable level, with government spending reaching record levels.
Also, Mass layoffs are still lingering. As 2023 saw almost 33% of American companies reduce their workforce and 22% of companies expect to be forced to cut jobs in 2024.
In fact, 60% of Americans think that the economy is already in a recession.
But behold, fellow Chads. There might be a light at the end of the tunnel.
The FED managed to stall what many consider to be an unstoppable inflation in 2023, with a stern determination to cut their rates at least twice next year.
Let’s keep our fingers crossed and hope the worst outcomes don’t materialize.