Cal State–Fullerton Economic Forecast Reports High Likelihood of Recession

California State University–Fullerton in Fullerton, Calif., on Aug. 28, 2020. John Fredricks/The Epoch Times

Inflation is expected to remain high for the next few years as the United States heads toward recession, according to the latest economic forecast by California State University–Fullerton.

Woods Center for Economic Analysis and Forecasting Director Anil Puri and co-Director Mira Farka said the country is “barreling toward” a recession. They presented the school’s annual forecast on Oct. 27 during an event at the Disneyland Hotel in Anaheim that was co-hosted by the Orange County Business Council.