Economists Put Recession Odds at 40% Economists have recently updated their U.S. recession predictions, now estimating only a 40% chance, thanks to anticipated robust job market performance and solid consumer spending. This optimism is reflected in the revised economic growth forecast, which has been adjusted to a 2.1% annualized rate for this year, a significant increase from last month’s 1.5% projection. This uptick is attributed to expected increases in household demand and government expenditure. Furthermore, consumer spending, a critical engine of the economy making up two-thirds of the GDP, is projected to rise by nearly 0.5% more than previously thought in the coming two years. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports READ MORE The Fight Against Counterfeit Dollars: What You Need toKnow READ MORE Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation Assessment READ MORE Inflation seems stubborn, but people keep spending. What’s going on? READ MORE Potential Layoffs Ahead as Companies Brace for Interest RateHikes READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
