A recession is still on the horizon despite a stronger than expected economic performance in 2023, chief economist for the Associated Builders and Contractors Anirban Basu said.
“Many economists have become quite confident in the notion of a soft landing,” he said on a Dec. 13 webinar. “I think the economy’s going to get worse before it gets better. I continue to believe [this is the case], although I am increasingly in the minority."