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Economic Forecasts: Recession Probability
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Economists predict a lower probability of a recession in 2024, with subdued economic growth and a slowdown in job growth. The unemployment rate is expected to rise, while inflation is anticipated to fall to around 2.3% by the end of 2024. The Federal Reserve is projected to make the first rate cut at the March 19-20 meeting.
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How might the potential job loss and rise in the unemployment rate impact consumer spending and economic growth?
In what ways could the dispersion in performance across industries affect the overall economic stability and resilience?
What factors could influence the Federal Reserve's decision to make the first rate cut, and how might this affect borrowing costs and investment?
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