CNN’s Matt Egan on the Business Outlook for 2023

Businesses throughout the United States have been forced to navigate an array of unprecedented challenges throughout the past few years. As we look towards the approaching new year, what can we expect to see in 2023? On this episode of Paychex THRIVE, CNN reporter, Matt Egan, talks with Gene Marks about the economic outlook of 2023. Hear what he had to say about consumer spending, a possible recession, interest rates, inflation, and more.

Topics Include:

00:49 – Introduction to Matt Egan
01:49 – What to expect for the holiday season
02:44 – Consumer spending in today’s economy
04:35 – Buy now, pay later trend
08:00 – Are we headed into a recession
11:32 – The challenges within the tech sector
14:16 – State of the housing and construction industry
17:08 – The rise in interest rates
19:03 – Thoughts on inflation in 2023
23:38 – Expected news on small businesses in 2023
26:22 – A positive outlook for next year
28:00 – Wrap up

Hear more about the impact of rising inflation at www.paychex.com/worx/podcasts/business/economy-and-rising-inflation.

Get some tips on how to offset the current financial landscape at www.paychex.com/worx/podcasts/business/interest-rates-rising-think-long-term-loans-money-management.

DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.