In the March U.S. Economic Outlook, senior economist and head of Prevedere’s Center of Excellence Boyd Nash-Stacey dives into the current market situation and the factors indicating a potential recession in 2023.
The improved economic conditions of Q4 2022 gave some hope that a soft landing was possible, but that improvement is expected to be short-lived. An economic slowdown could be on the horizon. Regardless of whether a true recession occurs during the coming year, it is nearly certain that the business community will face challenging conditions.
Labor market: payroll and unemployment levels
Inflation: prices and outlook
Monetary policy and financial conditions
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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.