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March 2023 / VIDEO

Labor Market Resilience Suggests Recession Is Not Imminent

Growth accelerated in late 2022, and data released so far in 2023 solidify the case that a recession is not imminent.

 

Growth accelerated in the second half of last year, and economic data released so far in 2023 solidify the case that a U.S. recession is not imminent. There have been pockets of softness in the labour market relative to last year, but overall it remains resilient.

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The Mild Winter Will Delay Europe’s Recession, Not Prevent It

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Other risks will likely weigh on the Continent later this year

By Tomasz Wieladek

Tomasz Wieladek T. Rowe Price Chief European Economist