Wisconsin Spotlight | Jan. 20, 2023
By M.D. Kittle
Battered by ongoing high inflation, a majority of Wisconsin businesses see a recession ahead, according to Wisconsin Manufacturers & Commerce’s latest Wisconsin Employer Survey.
WMC’s survey finds 60 percent of businesses believe the Badger State economy is headed for recession this year. On the surface, the number appears to be an improvement from last summer’s survey when 71 percent of respondents worried a recession was looming. But Nick Novak, WMC’s Vice President of Communications and Marketing, said more employers moved from being sure about a recession to uncertain about the economy.