The Real Economy

The Real Economy: May 2022

Inflation, global uncertainty and the middle market: How businesses can manage turbulent times


In this month’s issue of The Real Economy, we look at the far-reaching impact of inflation and global turmoil on consumers and the middle market. Our chief economist, Joe Brusuelas, offers his outlook on interest rates, and discusses price controls, which have been used in the past but are not a viable option this time around. Also, our U.S. economist, Tuan Nguyen, spells out three factors that businesses should consider before raising prices amid high inflation. RSM analyst Mike Graziano looks at the changing consumer landscape. Finally, we have a focus on ESG, with practical advice about the importance of innovation, and why companies need to improve ESG reporting standards.

RSM contributors

May features

The Real Economy: Supply chain, inflation and your business

Recorded webcast

Join RSM Chief Economist Joe Brusuelas and U.S. Chamber of Commerce VP, Transportation, Infrastructure & Supply Chain John Drake for their discussion on matters affecting middle market businesses across a variety of industries. The event will also include discussion on supply chain challenges and the impact of inflation on the middle market.

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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.