Lessons from the Economy in 2023

In 2023, economists were proved wrong as 85% of them predicted a recession that did not happen. Valuable lessons were learned about the post-pandemic economy, highlighting that the economy can thrive without drastic measures. Trust in leaders and institutions became a major concern, as did the impact of algorithms on creativity and the lack of authenticity in influencer culture. The housing market faced affordability challenges and a decline in community, while the labor market experienced wage growth and job disparities. The stock market saw shifts toward bonds, raising concerns about government debt. Inflation and the impact of AI were also major topics, as people sought to find trust and authenticity in an uncertain world.