What to expect for the economy in 2023

Dec 15, 2022

According to the U.S. Chamber's of Commerce Chief Economists Committee, the end of 2022 is shaping up to be strong, with fourth-quarter growth projected to be over 2%. The Committee talso discussed members’ outlooks for the economy in 2023. 

The consensus among Committee Members is that the U.S. will experience a mild but short recession in the middle of 2023, caused by consumer and business spending falling because of rising interest rates. 

The U.S. economy is in for a bumpy 2023. Businesses should be prepared, and as always, also be prepared for those unexpected events that come out of nowhere.

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