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</xml><![endif]--><strong>The Death of Secular Stagnation</strong><br/>April 2, 2024<br/>](http://static.fmgsuite.com/media/sideBySide/variantSize/82450d33-43c8-4708-a31e-0f66abab7dc6.jpg?v=1)
The Death of Secular Stagnation
April 2, 2024
A year ago, the consensus expectation was that the US would fall into a recession. The argument was well reasoned, as numerous tried and true indicators were flashing recessionary warnings. It seemed to be just a matter of time until something in the economy broke and forced firms to undertake painful layoffs and begin the downward spiral to recession. Other than a brief regional banking dust-up, the US economy was solid in 2023, growing by 3% (better than the 2.4% average growth rate of the previous decade). This surprising economic growth was reflected in stock market performance.