Chapman Economists Forecast Mild or Moderate Recession in 2023
ORANGE, Calif.—Leading economic forecasters at Chapman University expect a mild or moderate recession to hit the U.S. possibly by next summer.
Although the economy seems to be recovering from record-high inflation this summer, other signs point to a slowdown, according to Chapman’s President Emeritus Jim Doti.
“There is something to worry about, because it’s the calm before the storm and it’s starting to rain,” Doti told hundreds of attendees Dec. 13 at the university’s A. Gary Anderson Center of Economic Research presentation of its bi-annual economics and business review. “We are forecasting a recession for next year.”…