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
Sorry. Only premium subscribers to The Livingston Post have access to this content. Become a subscriber to read this and other premium content on our site.
If you'd like a 24-hour day pass for $1, click here.
With more than 150 years combined experience, no one knows Michigan's Capitol better. Our team of journalists covers Michigan's politics, courts, legislature, agencies and congressional delegation like no one else.
