Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future
Macro Musings with David Beckworth
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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