U.S. Economic Outlook: August 2022

Consumer spending points to growing recessionary risk in late 2022 and into 2023

The news that GDP shrank in the first two quarters of 2022 was quickly followed by an unexpected strong increase in the Labor Departments’ jobs report. And while supply chain tensions have eased, inflation continues to soar. The concurrence of these positive and negative indicators is simply unprecedented, leaving many business leaders searching for answers about how to plan for the rest of 2022 and beyond.

While these disjointed economic signals add significant complexity to economic forecasting, one thing remains clear: the likelihood of a weakened economy going into 2023. 

What does this all mean for U.S. businesses? View the most recent analysis from Prevedere’s Principal Economist Michelle Green to find out.


About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.

Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.

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