Top-of-mind economic news as we start the week:
— U.S. GDP grew at a 2.9% annual rate in the 3rd quarter 2022 (July – Sept.), indicating U.S. economy was not in recession going into 4th quarter.
— 263,000 new jobs were added in the U.S. in November, more than expected.
— U.S. consumer confidence fell in November, with fewer people believing their incomes will increase in the short term.
— All packaging used in the European Union must be fully recyclable by 2030, per new rules proposed by the European Commission.
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