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U-M economic forecast: Modest growth expected, soft landing likely as inflation eases, but no guarantees
U-M experts say the U.S. economy should avoid a recession over the next two years, though economic growth will be modest as many consumers deal with high interest rates and dwindling savings.
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Boosting consumption
New U-M study concludes: Transfer wealth from the top 20 percent of U.S. earners to the bottom 80 percent and watch consumption rise.