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Many of the country’s leading economists say the U.S. and the global economy faces a possibility of a recession in 2023, with rising interest rates and the war in Ukraine slowing economic growth. Whether the U.S. can avoid a recession or not, what impact will this have on both trucking and the global freight? The December jobs report showed solid growth, but the domestic supply chain still faces workforce shortages and ongoing contract negotiations at Pacific ports. What does this mean moving forward? ATA Chief Economist Bob Costello joins Dan Ronan to share his insights into the short-term and long-term outlook on the economy and the industry.
