“The US will enter a severe recession by end of 2023 due to aggressive Fed rate hikes.”

The US economy avoided recession in 2023 despite aggressive Fed rate hikes, with GDP growing each quarter and unemployment remaining near historic lows. Roubini's prediction of a stagflation-induced recession did not materialize.

The US economy avoided recession in 2023 despite aggressive Fed rate hikes, with GDP growing each quarter and unemployment remaining near historic lows. Roubini's prediction of a stagflation-induced recession did not materialize.