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We have all heard that the economists forecast a recession in 2023 . The definition of recession is: a period of temporary economic decline during

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We have all heard that the economists forecast a recession in 2023 . The definition of recession is: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. You all also know that we are in a bit of a "weird" place after the Covid shutdowns and that the federal reserve has been hiking interest rates just to get some of the "extra money" out of the pipeline to hopefully slow down the demand for goods that are slow coming in the already tight pipeline. We also see more jobs than we have people which means this reduction in spending will probably NOT have a direct correlation to employment like it did before. I know all of this sounds like economics but the reality is it directly impacts the accounting world when we are trying to forecast costs, wages, benefits, etc. What do you see as the biggest threat of this changing world we live in to employers and or companies trying to maneuver in this environment

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