UCLA Anderson Forecast Says Resilient U.S. Economy Is Approaching Crossroads
LOS ANGELES, Dec. 7, 2022 /PRNewswire/ -- As 2022 draws to a close, the U.S. economy has reached a recession-related fork in the road. According to the UCLA Anderson Forecast, one path would lead to continued economic growth — although slower than the recent 2.4% growth rate — while the other would be a relatively mild, short-lived recession.
- According to the UCLA Anderson Forecast, one path would lead to continued economic growth although slower than the recent 2.4% growth rate while the other would be a relatively mild, short-lived recession.
- Despite dire predictions by some business leaders, the national economy has proved resilient as consumers continue to spend and businesses continue to invest.
- The December forecast for the state like the December U.S. forecast consists of two scenarios.
- Regardless, the UCLA Anderson Forecast expects the final quarter of 2022 to be a strong one for the nation, economically speaking, with conditions buoyed by consumption and business investment.