What will the U.S. economy of 2023 look like?
It’s the question on everyone’s mind, especially after years of hardship brought on by the COVID-19 pandemic, inflation and supply chain disruptions that’s dovetailed into lingering uncertainty over the direction of the economy.
Whether a bona fide recession is in the cards for 2023, the period of “slow growth” outlined by the Federal Reserve could just as well presage further economic stagnation and job loss that characterizes recessionary periods.
“In fact, there really isn’t much of a difference between a mild recession and a period of slow growth,” says Robert Triest, chair and professor of economics at Northeastern.
Continue reading at Northeastern Global News.