November 2023 Economic Forecast: Our Forecast Improvement Continues But Some Recession Clouds Remain
Authored by Steven Hansen
EconCurrent‘s Economic Index improved and now is in positive territory. We do not see a recession baked in but there remain four major indicators signaling a recession. 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 decline in average household net worth and an improvement in income. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is worse off than he was last quarter.