The Real Economy

The Real Economy: January 2023

The year-ahead economic forecast: Girding for a recession

In our current economic outlook, RSM Chief Economist Joseph Brusuelas examines the changing landscape of risk amid a slowing U.S. economy, and offers his insights into how middle market businesses adapt in 2023.

The era of easy money and low inflation is over, Brusuelas writes, forcing businesses to adjust their strategies. What hasn’t changed is the importance of investing in technology and infrastructure that improve productivity.

All of this is happening at a time of profound change in the global economy, Brusuelas writes. Trading patterns that dominated the past 30 years, with globalization at the forefront, are being rethought. For the middle market, that means higher costs and disrupted supply chains. No industry has been affected more than manufacturing, as RSM's Matt Dollard writes.

Finally, we share the results of a survey that offers insight into what middle market workers want out of their jobs. The short answer: It’s not all about pay.

We explore these topics and more in the January issue of The Real Economy. 

January features

RSM contributors

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Timely economic analysis and trends to help middle market businesses succeed

Examining the changing middle market economic landscape and the year ahead

Join our Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley for a livestream!

They'll examine the changing risk landscape amid a slowing U.S. economy and offer insights into how businesses can adapt this year. 

February 13 at 1 p.m. EST | Noon CST

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Monthly economic analysis report for the US middle market

The Real Economy Blog

The Real Economy Blog was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

The voice of the middle market

Middle market organizations, which make up the “real economy,” are too big to be small and too small to be big. They have distinct challenges and opportunities around resources, labor, technology, innovation, regulation and more.