Author: Paul Davidson, USA TODAY

The economy grew 2.9% in the fourth quarter but a recession is still likely in 2023, experts say. Sharp Fed rate hikes are expected to take bigger toll

A recession in 2023 could hit the West and Northeast hardest. The Midwest is likely to best withstand a downturn.

Layoffs in an anticipated recession this year could be made by software programs. Some experts worry the technology could miss nuances.

Inflation is hurting lower-income households most as food and housing costs surge. That reverses a pattern that hit middle-income Americans hardest.

As recession fears mounted and labor shortages eased, year-end bonuses got smaller in late 2022.

Inflation slowed again in December as sharply falling gas prices and more moderate food cost increases offset sharp rent hikes, the index report shows

If recession hits in 2023, unemployment will rise, jobs will be lost, consumer spending will fall. But it won’t be as bad as the last two downturns.

Job growth has stayed surprisingly strong but there are signs of a slowdown. For the December report, out Friday, economists see gains of 200K.

A recession warning sign has been flashing red. RV sales have weakened dramatically in recent months, possibly indicating a downturn.