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 A Close Above $2,078/oz Sets a Record High Closing Price for Gold READ MORE Inflation seems stubborn, but people keep spending. What’s going on? READ MORE Deciphering the U.S. Economy's Post-Pandemic Strength READ MORE Biden-Harris Administration Releases First Set of Draft Rules to Provide Debt Relief to Millions of Borrowers READ MORE Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE Add a Comment Cancel replyYour email address will not be published.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
