Key takeaways
- A 2023 recession may be on the way, with economists predicting a 70% chance of economic downturn this year
- However, economists haven’t agreed on when it will begin or how long it will last – though most believe it will be relatively mild
- As recession fears ramp up, it’s important to pinpoint which recession-proof investments could benefit your portfolio
You’ve probably heard for months that a recession is on the way. But no one seems to know if it will be long or short, double-dip or pasta-bowled – if it happens at all.
When it comes to economic events, knowing when, where and how isn’t that unusual. What is strange is how far ahead economists forecasted this particular downturn – and how many agree it’s all but inevitable.
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