© 2022 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Are we in a recession? Local economists weigh in on the outlook for Charlotte's economy

wallet money recession.jpg
Pixabay
/

Every once in a while, our economy goes into recession. Some are worse than others. No recession is good news and right now we may be headed for one. Economists are mixed in their views, but the GDP just fell for a second straight quarter, the usual definition of recession.

Meanwhile, we’re all experiencing something undeniable: inflation. The Fed is working to get that under control. They’re raising interest rates to cool the economy and that, too, can lead to an economic slowdown.

We hear from a number of economists about where we are, where we might be headed and what a recession could mean for you, your job and your wallet.

Guests

Dr. Michael Walden, economist and Reynolds Distinguished Professor Emeritus at North Carolina State University

Dr. John Connaughton, economist at UNC Charlotte and director of the UNC Charlotte Economic Forecast

Mark Vitner, managing director and senior economist at Wells Fargo

Stay Connected
Erin Keever is Senior Producer of WFAE's Charlotte Talks with Mike Collins. She has been with the show since joining the station in 2006. She's a native Charlottean.