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U-M Economists Expect ‘Mild Recession,’ Though Auto Sector Strength Should Curb Worst Effects in Michigan

November 17, 2022

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Read time:

5-15 mins
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Presented by Michigan News

University of Michigan economists say inflation is a crucial driver of their annual U.S. Economic Outlook report, which leads them to believe that a mild recession is in store, but Michigan should fair all right due to the strength of the auto industry. U-M economists believe that rising inflation trends will continue through 2023 and that a mild recession will be the force to combat the rise.

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