Savvy Trades and Investments

[researcher59]

Economists see the chance of recession at 40% within 12 months, the lowest probability in nearly 2 years - I think the chances are even lower.

The continuous momentum in the economy helps explain why economists now see a 40% chance of recession in the next year — the lowest reading since mid-2022. Those projections peaked at 65% in the first half of 2023 as the Federal Reserve neared the end of its most aggressive hiking cycle in 40 years.

“The US economy remains the envy of the world,” said James Smith of EconForecaster LLC. “Both real economic growth and employment growth remain strong while inflation rates and interest rates are falling.”

https://www.bloomberg.com/news/articles/2024-02-23/recession-odds-dropping-as-economists-boost-us-growth-outlook?sref=dhPPPoTj