: U.S. economy will escape recession, new European Commission forecast says


The U.S. economy will avoid recession this year and next, according to the latest European Commission forecast. The forecast is for the U.S. economy to grow 1.4% in 2023 and 1% in 2024, against its previous estimate that the U.S. will grow 0.7% in 2023 and 1.7% in 2024. The new forecast came as part of the spring 2023 forecast which is that the eurozone will grow 1.1% this year and by 1.6% next year, which both were improvements from its last estimate, owing to a better energy-price outlook and a resilient labor market.

This article was originally published by Marketwatch.com. Read the original article here.

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