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Economic Update: Last Year Ends on an Economic High Note

Given the strong year for markets overall, you may not remember that 2019 started with tremendous uncertainty. Also, for the first time in over 170 years, the United States closed an entire decade without experiencing a single recession.

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Economic predictions heading into Q4 were frosty, but 2023 ended much better than expected. Many factors threatened economic health such as the war in Ukraine and interest rates. Read more about how the market fared and what that means for the coming year.
Despite things pointing to more of a downer, Q3 turned out better than expected. See what factors played to a stronger third quarter.
As the economy finds its footing, inflation begins to slow and the job market remains strong, things are looking up. However, many factors are in play for Q3 and Q4.
Let’s review the events of 2022 and how they’ve led to our current state of continuing market volatility and stubborn inflation. Even so, we still believe in the stock market over the long run.
Markets were volatile in the third quarter as investors tried to guess how the Fed would act to address inflation. While the current choppiness may continue in the near future, we still believe in the market over the long run.
The second quarter saw unrelenting inflation and a volatile stock market. Not all economic indicators were negative, however. Job growth remains strong, unemployment is down and business sentiment remains optimistic.
The global economic recovery experienced a few hiccups during the last few months. But economists are expecting things to get back on track as COVID-19 cases continue to decline. They’re projecting strong growth for the rest of this year and for 2022.
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