I like the Baltic Dry Index (BDI) because it's a real number measuring actual real-time economic activity and not forecasts or analyst voodoo. It measures how much does it cost to ship. When the economy is good is goes up with competition for containers. When it's bad, it goes down. No government spin.
With Trump, it was a steady uptick until COVID, then a dip and recovery.
With Biden it tanked, then all the stimmy money spun things up and inflated the economies, but now it's on the dive and will continue since the whole point of inflation is the legalized banking looting that takes place in the recession/depressions after inflation. It's how the bankers steal real wealth with fake wealth.
To answer question directly, it'll be bad, but will get much worse…especially the looting (foreclosures).
Planned. Every bit of it.
https://tradingeconomics.com/commodity/baltic