Comment on What does everyone think of the economic outlook for the next year?

whyrat@lemmy.world ⁨4⁩ ⁨days⁩ ago

Leading economic indicators are slightly down: conference-board.org/…/us-leading-indicators/

Economic sentiment (one example www.sca.isr.umich.edu ) is sharply down.

Predicting the economy is difficult, many different people bet real money both ways.

The best summarization I recommend considering is the discussion of the “K” shaped economy. Standards seem to be shifting, those with wealth seem to be doing well if not growing. Those at the margin or poorer seem to be getting worse. So you can have two true statements that the stock market is soaring and GDP is growing, AND most people are facing declining economic prospects.

I’m a stranger on the Internet, so don’t put too much weight on my analysis. Check historically reputable resources and even then take their predictions with a grain of salt.

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