In fact, in a note to clients Wednesday, Goldman Sachs declared “the hard part is over” for efforts to shore up the global economy, predicting that inflation would continue to ease in 2024.
The bank’s researchers now expect a mere 15% risk that the United States will tip into a recession next year, following a spate of forecasters, including those at the Federal Reserve, voicing growing economic optimism.
Republican presidential candidates who debated in Miami Wednesday night looked to reinforce these views, making the case — sometimes by misrepresenting how gas prices and wages have trended — that the economy isn’t working well with a Democrat in the White House.
The likely explanation is a gloomy soup of two major wars, ongoing domestic political divisions, a still-recent pandemic and price pressures that have slowed down dramatically but rarely reversed.
President Joe Biden has been pounding the pavement to trumpet $5 billion in new investments to juice rural economies, hoping that voters will reward him and fellow Democrats for infrastructure projects ramping up across the country.
Meanwhile, Republicans have raced to pin voters’ frustrations over high prices on “Bidenomics,” the term that the White House has used to try — with uncertain success — to brand the administration’s economic policies.
The original article contains 880 words, the summary contains 209 words. Saved 76%. I’m a bot and I’m open source!
This is the best summary I could come up with:
In fact, in a note to clients Wednesday, Goldman Sachs declared “the hard part is over” for efforts to shore up the global economy, predicting that inflation would continue to ease in 2024.
The bank’s researchers now expect a mere 15% risk that the United States will tip into a recession next year, following a spate of forecasters, including those at the Federal Reserve, voicing growing economic optimism.
Republican presidential candidates who debated in Miami Wednesday night looked to reinforce these views, making the case — sometimes by misrepresenting how gas prices and wages have trended — that the economy isn’t working well with a Democrat in the White House.
The likely explanation is a gloomy soup of two major wars, ongoing domestic political divisions, a still-recent pandemic and price pressures that have slowed down dramatically but rarely reversed.
President Joe Biden has been pounding the pavement to trumpet $5 billion in new investments to juice rural economies, hoping that voters will reward him and fellow Democrats for infrastructure projects ramping up across the country.
Meanwhile, Republicans have raced to pin voters’ frustrations over high prices on “Bidenomics,” the term that the White House has used to try — with uncertain success — to brand the administration’s economic policies.
The original article contains 880 words, the summary contains 209 words. Saved 76%. I’m a bot and I’m open source!