GDP showed less resilience than expected

Economic Insights by Nationwide · Apr 27, 2023 · 16m

Despite a strong start to the year for hiring and consumer spending, the economy was less resilient in the first quarter than expected. What's in store for the economy in the second quarter? Do we still expect a recession to hit later this year? Nationwide's Chief Economist, Kathy Bostjancic and Senior Economist Ben Ayers provide their perspectives on economic growth.