Why investors are upbeat and voters are gloomy about the economy ...Middle East

The end of each year is usually a time for reflection about how the economy and markets fared, as well as for assessing future prospects. Normally, the assessments are a blend of both positive and negative considerations. 2023, however, was different: The U.S. economy performed better than expected by virtually every yardstick. Real GDP exceeded expectations expanding by 2.6 percent, unemployment remained low at 3.8 percent and inflation as measured by the Personal Consumption Expenditures deflator slowed to 2.8 percent according to the Federal Reserve’s latest economic projections. Viewed from this perspective, the U.S. economy not only avoided a much-feared recession, it achieved

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