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CNN’s Matt Egan on the Business Outlook for 2023

Matt Egan, CNN Reporter
Matt Egan, CNN Reporter

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Summary

On this episode of Paychex THRIVE, Gene Marks talks with CNN Reporter, Matt Egan about the economic outlook of 2023 and the possible impact on businesses. Listen in as Matt talks 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

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Hear more about the impact of rising inflation.

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Topics