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Quarterly Economic Outlook
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This week’s Economic Perspective is the Quarterly Economic Outlook for the three months ending March 31.
By Robert F. DeLucia, CFA
The banking crisis will result in a mild tightening in financial conditions in the short term as small and mid-sized banks de-risk and curtail lending. The odds of a financial crisis and recession within the next year are low but will increase in 2024 along with a resumption of the Federal Reserve’s rate-tightening cycle. Sustained growth in services will support GDP growth, while corporate earnings will decline modestly in Q1 and Q2 but stage a recovery later this year and in early 2024... READ MORE
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April 3, 2023
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