Callan Family Office 2023 Mid-Year Outlook



For several months, a cloud of negativity and concern hovered over the financial markets, for just and varied foundational reasons. There are issues plaguing the office real estate space, elevated inflation, geopolitical tensions, and lagging economic indicators.

It is this backdrop that was to pave the way for an unavoidable, imminent, and widely discussed recession. Economic contractions are regular occurrences happening every six to seven years since 1948, but, despite the loud chorus of cynicism, it has not been a reality this year. Rather, the U.S. economy grew by 1.1% in the first quarter and the Atlanta Fed GDPNow predicts 2.1% growth for the second quarter.

As the outlook has become more sanguine, there are also signs that suggest continued caution.

Our Callan Family Office team shares its thoughts about what the first half of the year taught us, and what we expect in the second half of 2023.


For our latest economic and market insights, download our 2023 Mid-Year Outlook.


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