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Podcast: Commonwealth Club of California Podcast
Episode: Navigating A Turbulent Economy: Annual Economic Forecast 2023
Description: High inflation, rising interest rates, sweeping tech layoffs, a crypto meltdown. The recent economic news has been less than encouraging, leading the International Monetary Fund to warn of “storm clouds” descending on the global economy. At the same time, GDP in the United States grew to more than $20 trillion in 2022. The Bay Area, largely thanks to tech, had the fastest growing economy in the United States, with GDP increasing 4.8 percent. The United States is at or near full employment. What does it all mean for workers, investors, and Americans’ pocketbooks? What impact are the Fed’s actions having?Michae...