An Uneven Slowdown

With high inflation and the Federal Reserve's efforts to temper it through multiple interest rate hikes, much speculation has swirled around whether the U.S. economy already has or soon will spiral into recession. And whether it is inevitable or a so-called soft landing is in store, economists agree that the architecture, engineering, and construction industry will see a slowdown, with some sectors faring better than others this year. © 2023 American Society of Civil Engineers.