Recession Coverage

Goldman Sachs is not worrying about a recession in 2023

Goldman Sachs is predicting the economic climate for 2023, as the bank’s investment strategy group is predicting heavy fog for the economy in 2023.

A recession without job losses? That's real possibility, says NC State economist

Friday's U.S. jobs reports show many positives - from growth in jobs to a drop in unemployment to labor participation rate - leaving economists such as Dr. Mike Walden of N.C. State wrestling to get a handle on the report's impact.

UNC economist: Thursday's jobs report signals a recession is coming in 2023

Job openings remain high across the Triangle and across the United States, which is leading to better-than-expected hiring across the U.S. economy.

2023 economic outlook from UNC economist

Economist Gerald Cohen with UNC's Kenan Institute shares insight on the job market, interest rate increases and other economic factors that will shape 2023.

If recession hits global economy these 3 factors will be likely causes

Whether a global recession materializes may come down to three factors: what central banks do next, the consequences of China's nascent reopening and energy prices. Here's how each of these variables could dictate the year ahead.

Prices are up, but so was holiday spending; 2023 economic outlook uncertain

What impact with inflation and riding interest rates have in 2023? Economists see mixed signals.

White House cautiously optimistic over economy in 2023: 'Absolutely no sign' job growth will tumble or unemployment will spike

As Wall Street and Main Street fret about a potential recession, White House officials are projecting confidence about the economy's ability to weather the storm in 2023.

By Matt Egan and Maegan Vazquez, CNN

UNCC economist: No recession in 2022, nor one expected in 2023

No recession occurred in 2022, despite many predictions the economy would fall into an economic recession--and the same could be true of 2023.

Important economic indicator shows recession likely

While shoppers and employers continue to spend, there are signs that the economy won't be as robust in 2023.

UNC economist: 'I guarantee there will be a downturn,' but Triangle job outlook remains strong

America's job market continues to defy expectations. But there's another warning sign that has economists concerned.

UNC Professor: US Jobs Report means Fed may have 'no choice' but to 'engineer a recession'

Ultimately, the question we're facing is whether the Federal Reserve will have to "engineer a recession," UNC professor Christian Lundblad said.

Reports, some up, some down, show economy treading water

Economic data is causing a wide range of outlooks and the continued fears of a possible recession.

Unemployment to soar, recession to hit if Fed keeps raising rates, economist warns

If the Fed continues to raise interest rates there will be consequences: A recession and a big jump in the unemployment rate, says economist Dr. Mike Walden.

Economy rebounds as recession concerns linger

WRAL News spoke with economists Mark Yusko and Campbell Harvey along with Raleigh-based business owner Jeff Hastings about the economic numbers they're watching to see where things are heading.

'The overall risk of recession hasn't changed': Economists, Raleigh business owner react to US economy's growth last quarter

WRAL News spoke with economists Mark Yusko and Campbell Harvey along with Raleigh-based business owner Jeff Hastings about the economic numbers they're watching to see where things are heading.

Matt Talhelm, WRAL reporter

US 'not in a recession, and we haven't been,' says NCSU economist

Economist Dr. Michael Walden told WRAL TechWire on Thursday that the latest data on US GDP for the third quarter shows the country is not in a recession.

Biden can't do much to bring down gas prices. But a recession can

There is one surefire cure for high gas prices. Unfortunately, it's far worse than the problem itself: A recession.

By Chris Isidore, CNN Business

Report: Cary ranks No. 1 as 'most resilient' economy; Raleigh is 12th, Durham 37th

As talk of a recession grows with inflation continuing to increase, a new study says Cary ranks No. 1 among the top 50 U.S. cities for having what are called "resilient economies." Raleigh comes in 12th, Durham 37th.

Consumer prices rose 8.2% in September compared to a year earlier

Seniors and others who receive Social Security benefits will get an 8.7% increase at the beginning of next year.

Chase CEO's warning about recession triggers tremors on Wall Street

Stocks weren't doing much Monday morning but took a nasty -- albeit brief -- turn lower in the afternoon following stark comments from JPMorgan Chase CEO Jamie Dimon, who warned that the United States is likely to enter a recession within the next six to nine months.

Economy to start losing 175,000 jobs a month, Bank of America warns

The Federal Reserve's fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

There’s a 98% chance of a global recession, research firm warns

There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research. And seven in 10 economists agree.

Are we headed for a recession? 5 On Your Side polled a group of experts for the answers

Are we heading into a recession? It's more complicated than a yes or no answer, so to try and figure it out, 5 On Your Side reached out to 13 local economists.

Keely Arthur, WRAL consumer reporter

Are we headed for recession? Local economists weigh in

5 On Your Side asked more than dozen local economists to weigh in.

ECB Raises Rates Aggressively to Tame Rising Prices

The European Central Bank raised interest rates sharply Thursday as policymakers battle to bring down record-high inflation driven by soaring energy prices, and warned of a significant economic slowdown ahead.

Eshe Nelson and Melissa Eddy, New York Times