Webinar

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.

Oren Klachkin

Lead US Economist

+1 646 503 3058

Oren Klachkin

Lead US Economist

New York, United States

Oren Klachkin is a Lead Economist at Oxford Economics. He specializes in providing analysis on issues affecting the US economy at the industry and regional levels.

Oren’s past work experience includes working as a Global Economist at Citi, as an Economist at IHS Global Insight where he covered the MENA economies and as a Research Associate at ConvergEx Group (now Cowen Group) where he analyzed capital markets. He holds a MA in International Economics and Finance from Brandeis University and a Dual BA in Economics and International Relations from Boston University.

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.

Back to Events

Related Services

Service

US States and Metro Service

Forecasts, scenarios and analysis for US states, metropolitan statistical areas and counties.

Find Out More

Service

US Forecasting Service

Access to short- and long-term analysis, scenarios and forecasts for the US economy.

Find Out More

Service

Macro and Regulatory Scenarios

Track, analyse, and react to macro events and future trends for the European region.

Find Out More