Report: Recession possible next year, but likely to be ‘moderate’

Economic growth is likely to continue through next year in the Inland Empire and other parts of the country, but it may be derailed by federal monetary policies and other factors, according to the University of California Riverside Center for Economic Forecasting & Development.In its 13th annual Inland Empire Economic Conference, held Wednesday in downtown Riverside, the center pointed to positives and negatives on the horizon, noting that inflation, interest-rate tightening by the Federal Reserve Bank and low housing inventories are risks to the regional economy.On the flip side, employment growth has been steady and consumer spending brisk, so a recession is not certain.“Although there are signs of stress in parts of the economy, the wealth created by the excessive fisc
Subscribe or log in to read the rest of this content.