2023 mild recession is on its way, says ATA economist

InflationMoney Matters
Written By Jennifer Joslyn

📉 2023 mild recession is on its way, says ATA economist.

Bob Costello, chief economist and senior vice president for the American Trucking Associations (ATA) is sounding off his opinion on a “short and shallow” recession early next year. With a potential West Coast dockworker strike still lingering and increasing costs of energy due to the Russia-Ukraine war, Costello is predicting that while there will be a decline early in the year, Q4 will begin the healing process for the economy.

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Jennifer Joslyn
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