U.S. Economy to Slump While China, Others Soar: Study


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Aug 20, 2003
Can't wait for NJ to tell us the buck doesn't stop with Biden.


Growth in the U.S. economy will slump this year and it will be even slower in 2023, according to a new study from the Organisation for Economic Co-operation and Development (OECD).

The OECD's Economic Outlook, published on Wednesday, projects the growth in gross domestic product (GDP) for nations around the world and found that the U.S. will lag behind countries including China, Australia and Canada.

Annual GPD is the total monetary or market value of all the finished goods and services produced within a country's borders over the course of a year and is used as a major measure of an economy's health.

The OECD found that U.S. GDP growth will slow to 2.5 percent in 2022 and fall to just 1.2 percent in 2023.
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