A recession is no longer the consensus for the US

Economists expect expect the US economy to keep growing in 2024 and 2025. (Image: Unsplash)

Mon, 16 Oct 2023

By Harriet Torry and Anthony DeBarrosEconomists are turning optimistic on the United States economy. They now think it will skirt a recession, that the Federal Reserve is done raising interest rates and inflation will continue to ease.In the latest quarterly survey by the Wall Street Journal, business and academic economists lowered the probability of a recession within the next year, from 54% on average in July to a more optimistic 48%. That is the first time they have put the probability below 50% since the middle of last year.The median...

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