US ‘technically’ enters recession – now what? Lessons from winners in last downturn

Written by on September 19, 2022

“Technically we are in a recession when you look at just the basic definition of two quarters of GDP contraction,”​ and while consumer spending might not yet fully reflect this shift, they are starting to tighten their purse strings, Nik Modi, managing director at RBC Capital Markets told attendees last week during a webinar hosted by IRI.

“We do believe it is going to get a lot worse,”​ he said, pointing to shifts in how the government, retailers and manufacturers are managing inflation and ongoing fallout from the pandemic.

“The . . .

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