Recession or slowdown? It could look different in Michigan

Bill Witkowski probably won’t be among the first folks to spot a recession on the horizon.

His higher-end customers who can spend anywhere from $2,000 to $20,000 at Michigan Antique Preservation Co. in Wyandotte have deep pockets even in downturns.

“I’m not seeing any slowdown right now,” said Witkowski, 65, who started the business 40 years ago and weathered the Great Recession that hit nearly 15 years ago.

The economy most likely will lose momentum, he imagines, given higher gas and grocery prices, rising interest rates and inflation. But he’s not picturing anything as shocking as the Great Recession, the last time he had to trim his tiny payroll. 

“Is slowing down a true recession?” Witkowski asks. “Or is it a temporary thing? What’s the outlook two or three years from now?”