No Recession in 2023? — AGC Economist Sees Brighter Outlook

Source: “I don’t think we’re going to see a recession in the next year or longer,” says Ken Simonson, chief economist for the Associated General Contractor of America. On this episode of The Dirt, Simonson explains his brighter outlook than what contractors might have been hearing. He points to a variety of tailwinds that are pushing the overall construction industry away from a major downturn and will likely lead to an acceleration in business after next year. He also gives his take on inflation, the labor shortage and interest rates, and explains what’s going on with diesel prices and when relief might come. READ FULL ARTICLE>>