Report: Recession imminent for 2023, could be blunted in Michigan

Businessmen doing data report and analysis

November 21, 2022

A recession is coming in 2023, according to a forecast University of Michigan Research Seminar in Quantitative Economics, or RSQE, released today at their 70th annual two-day conference.The report from RSQE Director Gabriel Ehrlich is forecasting a mild recession in 2023 with minimal job loss and a 4.7% unemployment peak by early 2024. The report predicts a plateau of personal income in 2023 with growth in 2024 and inflation coming down to 4.5% in 2023 and 2.5% in 2024. “If there's a genie who says you can either make this forecast reality or just take your chances with how things

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