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 China’s gold market in March: official gold reserves rose further, wholesale demand fell slightly READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE ZeroHedge: Inflation Already Ruined Your Super Bowl Party READ MORE Oil Prices Climb as Market Optimism Grows Amid Tightening Supply Signals READ MORE Add a Comment Cancel replyYour email address will not be published.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