How to prepare if there is an economic recession in the United States in 2023?

Since last month, the economic outlook has deteriorated in the United States due to fears of weak demand, in a context of rising interest rates, as confirmed on October 19 by the Federal Reserve in its Beige Book.

The US central bank report indicates that fears of recession spread to several of the areas monitored by the agency, 12 in total.

On that occasion, he pointed out that “the outlook is more pessimistic in a context of growing concerns about the weakening of demand,” says the central bank in the report of its survey carried out in late September and early October.

The economy should cool down in the coming months as strong inflation erodes household income.

Conversation: Should we prepare for an economic recession?

Concerned about the volatile outlook for 2023, Free Press offers its digital subscribers a high-level panel entitled Economy on alert: Should we prepare for a recession in 2023?

The objective is to answer the main questions about how Guatemala should prepare for a world with lower growth, currency movements and prices with an upward trend.

The panel will be made up of the president of the Banco de Guatemala, Alvaro Gonzalez Ricci; the president of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif), Herman Giron; and the partner and location manager of McKinsey & Company, Santiago Carbonell. The moderation of the conversation will be in charge of Alberto Toro Vielmajournalist and presenter of Guatevisión News.

It may interest you: What is an economic recession, what causes it and how it can affect Guatemala in 2022

Contents of the conversation

These will be the three blocks that will make up the panel:

• Block I: Where We Are: Global Economic Outlook and End of 2022
• Block II: Evaluation of the reaction of Guatemala in the micro and macro panorama
• Block III: 2023: Economic scenarios for the country

The event will take place in the Hotel Barceló City, and it will be next Tuesday, November 8, from 8:30 to 10:30 am.

As the discussion is limited in number, attendees must be active subscribers and sign up here. If you need support signing up as a digital subscriber, call 1716.

With information from AFP