‘Economy is well and alive’ but high prices loom, CSUF economists say

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‘Economy is well and alive’ but high prices loom, CSUF economists say

High inflation, the most aggressive rate-hiking cycle in 40 years, rising geopolitical risks, two wars and an emerging cold war between China and the U.S. In normal times, such unfavorable conditions would signal disaster for an economic recovery, said economist Anil Puri, director of the Woods Center for Economic Analysis and Forecasting at Cal State Fullerton. But the recession predicted by the world’s leading economists never materialized, th…