April 2024 Economic Forecast: Economy Marginally Improving But Growth Will Be Weak
Authored by Steven Hansen
EconCurrent‘s Economic Index again modestly improved and is slightly in positive territory. This does not mean the economy is going gangbusters but is continuing to plod along. There remain three major indicators that suggest a recession is coming. Read on to understand the currents affecting our economic growth.

The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows a decrease in average household net worth from the previous quarter but up from one year ago. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is better off than he was a year ago.
