US Economy Likely to Sustain Modest Growth In 2022 But to Slow Down In 2023

Expectations for the U. S. economy in the second half of 2022 suggest modest growth well into the first half of 2023. Consensus thus expects the nation’s GDP growth rate to remain in the neighborhood of 1.65%. The consensus contains differing viewpoints, however. Dr. Ray Perryman of the Perryman Group expects the economy to face significant headwinds, with supply chain woes exacerbated by slowdowns in Chinese production and the Ukraine war weighing heavily on the oil and gas and grain ...