Stock illustration indicating U.S. dollars and markets. Credit: Shutterstock

If the long-anticipated recession actually happens, it is more likely to be a bump in the road than a pothole that disrupts the economic recovery.

“Our own leading economic indicators suggest that if we are going to have a recession, it’s probably starting right about now in February, March, or as late as the beginning of the second quarter,” said Dana Peterson, chief economist for The Conference Board. “If we do have a recession, we think it’s probably going to be short, and it’s going to be shallow. It may start in the first quarter and be more pronounced in the second quarter, but we are not anticipating major declines in GDP growth.“

Peterson shared her insights during the February 23 media briefing “Are We in a Recession or Not?” presented by The Conference Board. Although two consecutive quarters of negative GDP growth last year was considered a recession by some economists, she defines the term differently.

Dig Deeper


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including and

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.