Economists See Slowing Growth, but Maybe Not Recession
The New Year brought a new wave of speculation from staff economists at trade groups and analytics firms, with the National Retail Federation and Moody’s on the fence about a looming recession in 2023. Chief Economists Jack Kleinhenz of NRF and Mark Zandi of Moody’s both released outlooks hinging on the Federal Reserve’s handling of interest rates as GDP teeter-totters zero on the number line. Kleinhenz opined that if a recession does occur it will be driven by interest rate hikes, speaking after the release of NRF’s latest Monthly Economic Review ... Log in to view full article.
