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Is a recession inevitable in the coming new year? Experts deliver 2023 predictions.

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Lindsey Nicholson/UCG/Universal Images Group via Getty Images

Heading into the new year, numerous notable economic experts and financial institutions delivered dire predictions of a recession in 2023.

What is a recession?

In July, the U.S. economy contracted for a second straight quarter – which signals that the country was in a technical recession.

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