US business outlook remains negative, software services expect recovery in early 2023


If it looks like a recession, feels like a recession, but does not fully meet the definition of a recession, is it a recession? The debate over the ongoing economic slowdown in the U.S. amid a record low unemployment rate has brought to prominence a new term called "rolling recession." Some economists are using the term to describe the recession hitting various industries and aspects of the economy at varying times. Our Macroeconomic Outlook, Business Trends, 2023 Outlook survey studies the impact of labor challenges, rising interest rates, inflation and other key macroeconomic trends on various aspects of the U.S. economy and businesses.

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