News & Insights

The US economy slowed in the first quarter of 2023 in a sign that economists say indicates growth will continue to be weak for the remainder of the year.

The global economy continued to recover during the quarter following a shaky 2022. Inflation remains persistently and painfully high, but the rate of inflation has eased a bit since the FOMC instituted the most aggressive program of interest rate increases in 40 years.

The US economy posted modest growth in the quarter, but continues to grapple with high inflation, rising interest rates, and slowing employment growth.

The global economy is currently teetering on the brink of recession after having delivered a strong post-pandemic recovery. Decades-high inflation caused by supply shortages and rising commodity prices – as well as an aggressive central bank policy response – is undoing the global expansion.

US consumers and investors have become increasingly pessimistic this year because of historically high inflation, the FOMC’s aggressive interest rate increases, and the war in Ukraine, among other things.

After a strong on the fourth quarter of 2021, economic activity has begun to slow more than expected early in 2022 due to rapidly accelerating inflation emanating from goods shortages due to supply chain bottlenecks, as well as a continued jump in inflation driven in part by surging commodity prices brought on by the Russia-Ukraine war.

The global economy continues to improve, with most regions now better off than six months ago. The Omicron variant of the virus introduces some uncertainty into the near-term outlook, but most analysts believe that it will not derail the overall momentum of the recovery

The global economy is moving forward in fits and starts, with varying results in different regions of the world. Covid-19 continues to be somewhat of a headwind for the economy, with the Delta variant raising concerns over a rise in new cases.

The global economy is forging ahead as it continues to recover from the very severe, but also very brief, recession triggered by the pandemic.

The US economy suffered through the shortest but most severe recession on record as a result of the pandemic, but is in the midst of staging a strong recovery.

The US economy suffered through the shortest but most severe recession on record as a result of the pandemic, but is in the midst of staging a strong recovery.

While the economy has avoided a Depression-level recession, there is still much work to be done to reach pre-COVID levels, with some economists estimating this could take as long as two years.

While the health-related effects of COVID-19 were still playing out in the second quarter, stock prices staged one of the most impressive rallies on record as investors attempted to discount the magnitude and timing of an economic recovery

Without question, the outbreak of the COVID-19 virus has quickly wreaked havoc on a US economy that had been in the midst of its longest expansion on record.

The US economy is in the midst of the longest expansion on record at 126 months, and at this point in the cycle the slowing growth that has been experienced should be expected.

While growth has moderated somewhat in 2019, the current US economic expansion is now the longest in history.

The global economic environment has continued to soften, as economists point to protectionist trade policies and uncertainties about the outcome and impact of Brexit

Equity markets did an about-face during the quarter, generating the largest quarterly advance since the third quarter of 2009