Recession Is Likely In ‘Early 2023,’ Despite Report Showing GDP Growth

Recession Is Likely In ‘Early 2023,’ Despite Report Showing GDP Growth

A recession is likely to come in ‘early 2023’ despite a 2.6% GDP increase in the third quarter, says CNBC Economics Editor Jeff Cox. Economic concerns come as inflationary pressures continue and consumers are spending less. “We saw a drop-off in consumer spending, the pace of increase there, falling, of course, as prices continue to rise,” Cox said. NBC News Correspondent Josh Lederman, Jason Furman and Omair Sharif join Meet the Press NOW to discuss the state of the economy.

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