Economic pessimists’ bet on a 2023 recession failed. Why are they doubling down in 2024?
2023 has not been kind to the pessimists who shape the public’s perception of the U.S. economy. Despite a widely predicted “inevitable” recession, the resilient U.S. economy forced growth forecast to be revised higher and higher by a staggering 2 percentage points as the year nears its end. Similarly, consensus …