By Ellen Chang Advertising budgets have started to shrink in anticipation of a slowdown in the economy. Weakness in consumer spending has led to cutbacks in the digital advertising businesses for behemoths Meta (META) – Get Meta Platforms Inc. Report, Alphabet (GOOGL) – Get Alphabet Inc. Report and Comcast (CMCSA) – Get Comcast Corporation Class A Common Stock Report, signaling a weaker outlook for the remainder of 2022. The advertising budgets of companies have started to contract as GDP declined for a second consecutive quarter and consumers are faced with elevated rates of inflation. The ec…