Economists place 70% chance for recession in 2023

Economists place 70% chance for recession in 2023

By Vince Golle, Sarina Yoo. Economists say there is a 7- in-10 likelihood that the U.S. economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve. "The U.S. economy is facing big headwinds from surging interest rates, high inflation, the end of fiscal