The Real Economy

The Real Economy: September 2022

How America’s real economy is dealing with high inflation, rising interest rates and a slowing economy.

In this month’s issue of The Real Economy, RSM US economists and analysts examine the impact of high inflation, rising interest rates and a slowing economy on middle market businesses. These economic headwinds are combining to make for an uncertain environment that has left executives and investors searching for an effective way forward.

The economy is not in a recession, RSM US Chief Economist Joe Brusuelas writes, but there is a 45% probability that one will arrive in the next 12 months. He offers ways to identify when a recession hits.

In addition, RSM US analysts offer a sector-by-sector breakdown of the challenging business conditions and ways that industries can adapt to the rapidly changing economic landscape. Our analysts offer insight into sectors including hospitality, private equity, nonprofit and housing.

We look at these issues and more in the September issue of The Real Economy.

September features

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The Real Economy Blog

The Real Economy Blog was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

The voice of the middle market

Middle market organizations, which make up the “real economy,” are too big to be small and too small to be big. They have distinct challenges and opportunities around resources, labor, technology, innovation, regulation and more.