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Is there going to be an American recession in 2023? Is the American economy set for another year of rising interest rates, high inflation and dollar dominance? Steve Hanke, former advisor to Ronald Reagan, runs a health check on the American economy. He tells us the one thing needed to kick-start their economy, asks if America is in permanent decline, gives his views on American tax cuts, and tells us what he thinks about Brexit and Boris Johnson. Watch ‘Capital.com’s first big interview of 2023: 'An American Recession in 2023?' 0:00 - Is America heading towards an economic crisis? 1:23 - Is the American economy heading towards a recession? 4:26 - Has inflation peaked? 6:51 - What could happen to interest rates by the end of 2023? 8:38 - Is bad economic data good for the market? 11:14 - Does the American economy need tax cuts? 13:28 - What could happen to dollar dominance in 2023? 13:50 - Is America is permanent economic decline? 19:14 - What can America do to stop its decline? 22:50 - Is America likely to become more or less protectionist? 24:28 - Was Brexit a good idea? *** Explore trading and start investing with Capital.com. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This video is for general information only and is not intended to provide trading or investment advice or any personal recommendations. The information in this video is indicative, and may become out of date at any given time. Capital.com shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Any information relating to past performance of an investment does not necessarily guarantee future performance. Please remember spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage, You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Invest only what you can afford to lose. These products may not be suitable for all clients, we therefore recommend that you seek independent advice and ensure you fully understand the risk involved before trading. You do not own, or have any interest in the underlying assets. Professional clients can incur losses that exceed their deposits when spread betting and trading CFDs.