📰 S&P: GDP Growth Will Slow to Just 1.6%–Well Below Estimated Potential Growth Rate of Around 2%–Given Continued Higher Prices and Borrowing Costs S&P Now Forecasts a Low-Growth Recession in 2023 *S&P: Unemployment Rate Will Climb 70 Bps to 4.3% by the End of 2023

*S&P: GDP Growth Will Slow to Just 1.6%–Well Below Estimated Potential Growth Rate of Around 2%–Given Continued Higher Prices and Borrowing Costs

*S&P Now Forecasts a Low-Growth Recession in 2023

*S&P: Unemployment Rate Will Climb 70 Bps to 4.3% by the End of 2023