MSU RED: How to curb a recession

July 20, 2022

Millions of Americans are facing higher prices at the gas pump and the checkout line as costs rise and incomes remain relatively flat. U.S. inflation is up more than 9%, a record high. The combination of high inflation and low unemployment levels, only 3.6% nationally, has led many economists to predict that a recession is coming in late 2022 or 2023.

“The country’s economy is experiencing every indication of a recession, even if one has not yet been officially declared,” said Kishore Kulkarni, Ph.D., professor of Economics at Metropolitan State University of Denver.