According to the U.S. Chamber's of Commerce Chief Economists Committee, the end of 2022 is shaping up to be strong, with fourth-quarter growth projected to be over 2%. The Committee talso discussed members’ outlooks for the economy in 2023. 

The consensus among Committee Members is that the U.S. will experience a mild but short recession in the middle of 2023, caused by consumer and business spending falling because of rising interest rates. 

The U.S. economy is in for a bumpy 2023. Businesses should be prepared, and as always, also be prepared for those unexpected events that come out of nowhere.

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