The U.S. Economy’s Soft Landing Is Still on Track
==========
Recent disappointing macroeconomic data in the U.S. is actually a sign of the economy's strength. The pessimism surrounding the U.S. consumer has been based on a misreading of their financial situation. Aggregate consumption is more than $1.5 trillion above 2019 levels in real terms. However, high interest rates still pose challenges for some firms and households. The U.S. economy has proven to be more resilient than previously thought. Philipp Carlsson-Szlezak is a managing director and partner at BCG and the firm's global chief economist. Paul Swartz is an executive director and senior economist at BCG Henderson Institute. The article was published on May 6, 2024.
#UsEconomy #ConsumerTrends #MonetaryPolicy
https://hbr.org/2024/05/the-u-s-economys-soft-landing-is-still-on-track
HBR.org Daily /
npub182…utc0m
2024-05-06 14:01:31
Author Public Key
npub182l3m3flp4zph5yf7a6q7jem3dj7pjr6cx0xpqhu9st9wm54fk5s8utc0mPublished at
2024-05-06 14:01:31Event JSON
{
"id": "ecdc4519bd9c89da08922be5c4ef5217332b86d9989c73c87a989fa1b4a83cfb",
"pubkey": "3abf1dc53f0d441bd089f7740f4b3b8b65e0c87ac19e6082fc2c16576e954da9",
"created_at": 1715004091,
"kind": 1,
"tags": [],
"content": "The U.S. Economy’s Soft Landing Is Still on Track\n==========\n\nRecent disappointing macroeconomic data in the U.S. is actually a sign of the economy's strength. The pessimism surrounding the U.S. consumer has been based on a misreading of their financial situation. Aggregate consumption is more than $1.5 trillion above 2019 levels in real terms. However, high interest rates still pose challenges for some firms and households. The U.S. economy has proven to be more resilient than previously thought. Philipp Carlsson-Szlezak is a managing director and partner at BCG and the firm's global chief economist. Paul Swartz is an executive director and senior economist at BCG Henderson Institute. The article was published on May 6, 2024.\n\n#UsEconomy #ConsumerTrends #MonetaryPolicy\n\nhttps://hbr.org/2024/05/the-u-s-economys-soft-landing-is-still-on-track",
"sig": "00fb412a3aab29bc541fe010c48fbcf605cc770b93d41e8767bf645957a1ab577157d8f786e27058c598a9089ced2d7753b3830b3bf0033ab09614654222e1c4"
}