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New Year, New Outlook

Moody's Talks - Inside Economics

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Is There a Recession in 2023?

I'm going in the opposite direction of Chris coming. I've been coming down. I got to mix it up. And then I'm still at 50%, 50, 50, which everyone's saying, oh, that's just a cop out. But I do have to pick a side because I have to produce a forecast and explicit forecast that our clients use. In our baseline forecast, there's no recession. The economy is weak in 2023. Slow growth, job growth comes to a standstill. Unemployment starts to notch higher, but no recession in 20 23. You have a 50 basis point increase in unemployment rate over a year, which has been consistent with recessions in the past

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