White House cautiously optimistic over economy in 2023: 'Absolutely no sign' job growth will tumble or unemployment will spike | CNN Politics

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As Wall Street and Main Street fret about a potential recession, White House officials are projecting confidence about the economy’s ability to weather the storm in 2023

. “We’re feeling cautiously optimistic because we are starting to see some real concrete measurable signs of progress,” Aviva Aron-Dine, deputy director of the White House National Economic Council, told CNN in a Zoom interview. The Biden administration economist pointed to a range of metrics showing inflation has cooled off, real wages have heated up and the job market has defied doomsday predictions.

Retail sales declined in November by the most in nearly a year as shoppers pulled back on everything from furniture and cars to even e-commerce. Asked about the surprise retail sales slump, Aron-Dine noted this metric can experience significant volatility. “If you look at the data over a more extended period, you’re just not seeing any signs that would make us think that is a significant concern,” she said.

 

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Don't believe your lying eyes, I guess.

Delusion runs deep in this White House. If you don’t like what is actually happening, make up a version you like.

America's economic recovery creates climate change and you will no longer be able to celebrate Christmas with your family. Dear Lisa, Seiya and ex-wife. Merry Christmas

The same White House that projected temporary inflation, the same White House who denied the possibility of a recession just a couple months ago? Yeah I think common sense says the WH projections are garbage.

Please! Leave Twitter.

Ukraine is the second most corrupt country in Europe. Russia is number one. Does CNN support Ukraine

Ressession have a name 'Ukraine'

I'm 56, this is the worst I have seen the country in my life time...

We are fretting about recession and wasted billions of dollars for Ukraine’s war…

Ukraine’s economy maybe.

I trust the market much more than the White House 😆

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