The Recession that wasn’t

It’s always interesting to see the raw data from Google search. We’ve been hearing about a recession for two years now, with experts initially predicting a hard landing, then a soft landing, and now, perhaps, no recession at all.

In 2022, 80% of Americans believed the country was either in a recession or would be in the following year, according to the Harvard CAOS/Harris Poll.

After steady growth throughout the year, the economy expanded by 4.9% in the last quarter of 2023, driven by the same consumers.

Just in, the Gross Domestic Product (GDP) increased by 4.9% on an annualized basis, slightly below the expected 5.2%.

Initial Jobless Claims reported 205,000, surpassing expectations of 215,000. Additionally, Continuing Claims decreased to 1.865 million from the estimated 1.888 million.


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