Macro Musings with David Beckworth cover image

Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future

Macro Musings with David Beckworth

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Highlights of Third Quarter GDP Print

The chapter discusses the unexpected strength of the labor market and its contribution to the above 5% annualized growth in the economy during the third quarter. It also mentions the reshaped narrative around a soft landing for the US economy. The chapter analyzes why forecasters got their predictions wrong and highlights the challenges faced by economists in accurately predicting economic trends.

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