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Fortune
Fortune
Tristan Bove

Prepare for a 'slowcession' in 2023, says one of the first economists to predict the 2008 financial crash

Mark Zandi, chief economist at Moody's, smiling during a panel presentation (Credit: Sarah Silbiger—Bloomberg/Getty Images)

An economic downturn in the U.S. this year is all but guaranteed as the Federal Reserve puts the brakes on the economy and clamps down on inflation.

But while nobody knows exactly how much of a decline the country is in for, fears of a historic recession may be overblown.

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