By Digital Free Press
The American economy is not in recession — yet.
The global economy, however, is and the pending energy crisis coupled with growing food inflation on the heels of the largest military action on the European continent since World War II will have reverberating effects on global economics for years to come, experts reported Friday.
The Phoenix economy is not in recession, but analysts contend calendar year 2023 will be tough and the American economy may see indicators suggesting a shallow recession is imminent.
An estimated 500 Phoenix business leaders came to the Sheraton Phoenix Downtown for a panel discussion hosted by the Greater Phoenix Chamber featuring three keynote speakers covering the wide gamut of global economics. The event is an annual one providing local business leaders of the Grand Canyon State a glimpse into what the economy may have in store for the coming calendar and fiscal years.
For about 90 minutes, three keynote speakers delivered a staggering amount of data points, expert analysis and comical quips en route to conclusions of where they believe the American economy will ultimately land following actions at the federal level to curb inflation. They were:
