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Despite the confidence with which many analysts proclaim that a severe recession is inevitable, there is no reason to assume that the US economy will experience a major downturn this year or in 2024. While inflation is still above the Federal Reserve’s 2% target, it could stabilize at 3-4% over the next 12 months.


Frankel, Jeffrey. "Is the US Economy Headed for a Soft Landing?" Project Syndicate, July 17, 2023.