From rising inflation to mass layoffs in the tech industry to the collapse of Silicon Valley Bank, economic doom and gloom has dominated the headlines in 2023.

The threat of recession has also been lingering in the air but new data by Goldman Sachs Group has found that the chance of recession has fallen from 20% to 15%.

This is down to two major factors: inflation has cooled from the record-breaking 9.1% we witnessed in June 2022 and currently sits at 3.7%. Secondly, the labor market…