Southern California prognosticators say expect a recession by mid-2023

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Southern California prognosticators say expect a recession by mid-2023
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While the economy grew in the third quarter, Cal State Fullerton economists expect a “hard-ish” landing next year.

This last week of October was highlighted by two key events — an inaugural episode of a new webinar series and participation as a commercial real estate panelist at the Cal State Fullerton Economic Forecast conference.

The webinar is formatted to highlight three trends in the merger and acquisition world along with a bit of Nostradamus mixed in with a prediction of what’s to come in the next six months. Our maiden voyage was epic as Allan didn’t disappoint. Consider the bank consolidation during the financial meltdown of 2008. World Savings was acquired by Wachovia which in turn was swallowed by Wells Fargo. Imagine a neighborhood center where all three former groups had a branch location. Yeah, you get the idea.

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