{"id":131606,"date":"2022-10-07T14:32:33","date_gmt":"2022-10-07T18:32:33","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=131606"},"modified":"2022-10-07T14:32:55","modified_gmt":"2022-10-07T18:32:55","slug":"u-s-forecast-pasta-bowl-recession-should-help-squash-inflation","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/u-s-forecast-pasta-bowl-recession-should-help-squash-inflation\/","title":{"rendered":"U.S. Forecast: Pasta Bowl Recession Should Help Squash Inflation"},"content":{"rendered":"

U.S. consumers powered the recovery following the pandemic but high gasoline and energy prices and food and housing costs have eroded their purchasing power and triggered the Pasta Bowl Recession, says Sean Snaith, national economist and director of 麻豆原创\u2019s Institute for Economic Forecasting<\/a>, in his latest U.S. Economic Forecast<\/a>.<\/p>\n

\u201cThe Pasta Bowl Recession began with a whimper and will end the same way in 2023,\u201d says Snaith, who dubbed it the Pasta Bowl Recession due to its low and shallow shape.<\/p>\n

While the recession may not be deep, he expects it to last four quarters \u2014 representing the wide part of the bowl. In May 2009, Snaith accurately predicted the end of the Great Recession and forecasted the gradual recovery that followed as the Gravy Boat Recession. The institute releases quarterly U.S. and Florida economic forecasts authored by Snaith. Released today, the U.S. Forecast includes economic analyses and projections from 2022 to 2025.<\/p>\n

In this report, Snaith predicts that:<\/p>\n