Preparing for a Recession: Expert Insights and Investment Strategies.

Federal Reserve economists predict a mild recession later this year, with a recovery over the subsequent two years, due to recent turmoil in the banking industry. Historical recessions related to financial market problems tend to be more severe and persistent than average recessions. The Federal Reserve is deliberately trying to slow economic growth to control inflation, which may prolong the recession. Experts recommend updating resumes, keeping in touch with networks, and having a solid emergency savings account to ride out the downturn without going into debt.