The Travails Of The US Economy Roll On Into 2023 – Analysis

By Gary Clyde Hufbauer*

In December 2021, most Americans were looking forward to a quiet and prosperous 2022. COVID-19 cases were down, the stock market was up and jobs were abundant. What could go wrong?

Many things did. Geopolitical trauma came first. After a chaotic US military withdrawal from Afghanistan in August 2021,...