Bob Doll’s forecasts for 2023
Bob Doll has released his annual list of predictions for 2023, which include a “shallow” recession and disappointing earnings.
The economy is likely to weaken because “the full effects of the substantial monetary tightening over the past ten months have yet to be felt,” Doll wrote.
But Doll, chief investment officer at Crossmark Global Investments, said he expects the recession to be “mild due to the cash on corporate balance sheets, a reasonably healthy corporate sector, and a relatively strong banking sector.”
Click through to see Doll’s forecasts for this year. You can see his predictions for last year here.