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The word recession sparks strong emotions in people, from excitement to fear to political charges. However, let's focus on the financial aspects of a recession rather than the emotions involved. Recessions are a natural part of the economic cycle, with the longest period without a downturn in modern American history being between the 2008 crash and February 2020, a span of 128 months. As we head into 2023 and beyond, it's important to understand the economic trends that lie ahead.