How To Confidently Change During Economic Uncertainty
You can’t escape the bleak financial news. Leading economists and financial institutions like Bank of America, Goldman Sachs and JP Morgan Chase are warning of a potential recession heading our way this year. And then, there’s inflation. They say we’re on the downswing finally. But coming from a 9.1% inflation rate last year, a 40-year high by the way, it’s still shocking when your quick trip to the grocery store (not your stock-up marathon) drains nearly $100 from your wallet. If that weren’t enough, I learned a new financial term – stagflation. According to Time, it’s an old-school word for when recession and inflation happen at the same time. They’re not sure it’ll happen in 2023, but they don’t rule it out.