Conference Board Sees Flat Economy in 2023

The video discusses economic projections for the next year, predicting flat GDP growth with a shallow recession. It highlights the role of rents and services in driving inflation and suggests that labor market dynamics, such as labor shortages and worker hoarding, may mitigate the recession's impact on employment and consumption.

What is the speaker's view on the relationship between rents and inflation?

What does the speaker suggest about the nature of the upcoming recession?