There are a lot of reasons to feel good about the economy right now. Unemployment is low. Inflation is receding. The supply shocks of the pandemic are in the rear-view.
But the positive indicators seem to be weighed down by a malaise. Maybe that’s because of ratcheting global tension, widespread armed conflict and a deeply divisive election in the United States.
We reached out to three experts in the hopes that they might offer clarity on the year ahead.
Why does it feel like the economy is sputtering even though most traditional measures are pointing in the right direction?
Freedman: The recent economic pace is unsustainable and is likely to slow down, so while we prefer to r