Expectations for the U. S. economy in the fourth quarter of 2022 point to slim growth. Consensus anticipates the nation’s GDP growth rate to remain at around 0.4% well into third quarter of 2023. According to Dr. Ray Perryman of the Perryman Group, the solid job growth in recent months (August unemployment stood at 3.7%) suggests that recessionary fears are overblown, even considering the two-quarter decline in GDP (much of which is attributable to rising exports, which indicates progress on supply chain issues).

From Issue: The Finance of Forecasting (S&OP is Only the Start)
(Fall 2022)

As Central Banks Tighten to Tackle Inflation, Global Recession Looms