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Recession worries re-emerge as high interest rates sap the U.S. economy

News Room by News Room
November 24, 2023
Reading Time: 1 min read
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Recession worries re-emerge as high interest rates sap the U.S. economy

The U.S. defied widespread forecasts of recession this year, but the economy probably won’t escape unscathed in 2024.

Most economists predict a sharp slowdown in growth as high interest rates weigh more heavily on households and businesses. The cumulative effect of high inflation over the past three years will also remain a big drag.

There’s…

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