摘要: |
THE POSSIBILITY OF THE ECONOMY ENTERING A RECESSION appears to not be a matter of if it occurs, but of when it occurs. That was a key theme in a session at the SMC3 JumpStart 2023 conference recently held in Atlanta. Brent Hutto, chief relationship officer for New Plymouth, ID-based Truckstop, explained that it's likely that there will be some sort of recessionary activity in the economy-most likely because it's probably needed. He said that a major driver is related to monetary policy actions by the Federal Reserve to stave off inflation, which, while still at high levels, is starting to inch down. "To me, it's more of a corrective action than anything else, because things ran so high during the pandemic for so long," said Hutto. As for the timing, he said that he thought it was likely to occur in the second quarter or early into the second half of the year. |