At Marketplace, we like to take really big economic concepts and break them down into smaller, more digestible pieces. As we near the end of the year, we’re sticking with that framework. But instead of diving into labor market, inflation or money supply data, we’re breaking down the entire 2024 economy.
We reached out to a few economists and professors you’ve heard from on our show and asked them to pick one word or phrase to describe the economy this year. Here’s what they had to say.
1. Uncertainty
“This year has been rife with economic uncertainty. One key dimension of uncertainty has been related to who would become president, as economic policy would likely have looked very different under Biden vs. Harris vs. Trump. Another relates to Fed policy and inflation; how quickly inflation would subside and interest rates would fall has been…
