US macro, industries, and metro outlook – Economy will soon enter a recession
The Fed’s aggressive rate hikes and the recent tightening in financial market conditions will drive the US economy into a mild recession in 2023. Higher borrowing costs will weigh on corporate profits, hiring, and business investment. The consumer won’t be immune to an increase in the unemployment rate and reduction in excess savings. The recession will be a garden variety downturn because there are no glaring imbalances. In this webinar, we explored where the US economy is headed in 2023 – with a focus on the path forward for US metros.
Barbara Byrne Denham
Senior Economist, Cities & Regions
+1 (646) 503 3061
Barbara Byrne Denham
Senior Economist, Cities & Regions
New York, United States
As a senior economist at Oxford Economics, Barbara brings a seasoned approach to the study of US cities. She works in Oxford Economics’ division of Cities and Regions analysis where she leads in writing reports on US metros. Prior to joining Oxford Economics, she worked six years for Moody’s Analytics REIS where she did similar work and wrote a number of white papers covering metro-level analyses including the Impact of the Tax and Jobs Act on Commercial Real Estate; Amazon HQ2, a Scoring Analysis; and the Economics of College Towns. Barbara’s work is frequently cited by the Wall Street Journal, New York Times, Crains New York Business and numerous other publications.
Prior to working at Moody’s, Barbara worked more than 20 years at various commercial real estate firms including Jones Lang LaSalle and Eastern Consolidated where she focused on writing market reports and white papers.
Barbara holds a bachelor’s in business administration from the University of Notre Dame and is a Ph. D. candidate in Economics from New York University.
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