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11/10/2023 — The economy grew almost 5% in the third quarter, its most robust pace in nearly two years. The gains come despite the persistent headwinds of higher prices and rising interest rates. The economy’s resilience will be tested in the fourth quarter by the resumption of student loan repayments and fears of a government shutdown.
Find more timely insights on the markets and economy in the November 2023 edition of Cycle Watch.

Author(s)

Mark Hackett, CFA, CMT

Chief of Investment Research, Nationwide Investment Management Group

Mark Hackett is the Chief of Investment Research for Nationwide’s Investment Management Group, bringing more than 20 years of experience in the asset management industry to the role.

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Ben Ayers headshot

Ben Ayers

Senior Economist

Ben Ayers is a Senior Economist with Nationwide Economics, supporting the company’s forecasting and macroeconomic analysis functions.

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Except where otherwise indicated, the views and opinions expressed are those of Nationwide as of the date noted, are subject to change at any time and may not come to pass.