Latest Economic Forecasts Boast Cautious Optimism | Company

The Center for Economic Development and Business Research (CEDBR) at Wichita State University recently released an updated Kansas employment forecast examining trends for the near future.

According to the Bureau of Economic Analysis, the US economy grew 5.7% in 2021 after contracting 3.7% the previous year. The first half of 2022 saw two consecutive quarters of negative real GDP growth, prompting some journalists to declare a recession. These statements could be premature, however, according to the CEDBR.