Buckle Up for a Bumpy 2024, Economists Say

Inflation, interest rates, tight housing supply, and an election year: Analysts are divided on which direction the economy will shake out this year.

Illustration by The Epoch Times, Getty Images, Shutterstock

The U.S. economy embarked on a rollercoaster ride in 2023, grappling with high inflation, soaring interest rates, wars abroad, and a shaky banking sector.

This time last year, the U.S. economy was bracing for an impending recession. Concerns about a recession persisted through 2023, particularly following the banking turmoil in the second quarter, which witnessed a 1930s-style bank run on Silicon Valley and First Republic Banks.