Salt Lake City • Housing, food prices, gasoline, you name it, prices are at an all-time high and the soaring inflation has many concerned about an impending recession.
Local Utah economy experts say their outlook on the future isn’t so bleak, but there are things you can do now to help yourself and your wallet.
“It’s kind of a tough situation right now, the economy is doing well but people don’t feel like the economy is doing well and that’s really that impact of inflation,” said Robert Spendlove, senior economist at Zions Bank.
Spendlove added that a recession red flag can be a contracting economy, something the country just experienced.
“A recession is not inevitable right now. There are some signs the economy is slowing, one of the things we did see is the national GDP contracted,” said Spendlove.
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