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by MilnerRoute
1263 days ago
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The key word is "global". The article mentions Europe (especially the post-Brexit UK) and then, surprisingly, China. "America’s economy enters 2023 in fundamentally stronger shape than either China’s or any in Europe. The Federal Reserve’s aggressive rate increases will tip the economy into recession, but with the labour market still strong and household savings copious, it will be a mild one." |
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