"Recession risk is rising in the U.S. and Europe," ACC Chief Economist Martha Moore said on a Dec. 7 video conference call. "We expect a shallow recession to emerge in the U.S. in early 2023, but a recovery should be in full swing in 2024."
The problem with trying to make predictions is that there is so much still up in the air. Now we can add changes in China as the government there begins easing some strict lockdown rules.
"Recession risk is rising in the U.S. and Europe," ACC Chief Economist Martha Moore said on a Dec. 7 video conference call. "We expect a shallow recession to emerge in the U.S. in early 2023, but a recovery should be in full swing in 2024."
/PRNewswire/ As a looming freight rail strike threatens to shut down the U.S. economy, the American Chemistry Council (ACC) is calling on the White House.