Recession Is Likely In ‘Early 2023,’ Despite Report Showing GDP Growth

A recession is likely to come in ‘early 2023’ despite a 2.6% GDP increase in the third quarter, says CNBC Economics Editor Jeff Cox. Economic concerns come as inflationary pressures continue and consumers are spending less. “We saw a drop-off in consumer spending, the pace of increase there, falling, of course, as prices continue to rise,” Cox said. NBC News Correspondent Josh Lederman, Jason Furman and Omair Sharif join Meet the Press NOW to discuss the state of the economy. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://smart.link/5d0cd9df61b80 Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC #NBCNews #Recession #Economy

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